OCR Text |
Show Penney Company Oil's Special Payment To Clerks J. C. Penney Company, nation-wide department, store organization, or-ganization, announced today that its directors have authorized author-ized a special year-end payment for more than 50,000 associates in the Company's 1.629 stores, offices and warehouses throughout through-out the United States. The payment will be an amount equal to two week's' pay for all full-time associates who have been employed for the full year 1952, and proportionate amounts for extra and part-time-associates and those employed less than a year. All Penney associates will share -in "the - -payment' except management staff members whose earnings are determined largely by the Company's longstanding long-standing profit-sharing plan. It will be made December 15 at each associate's December ..15 rate of pay. " ' ': |