Dollar General cuts 255 jobs in restructuring plan

A shopper loads purchases into his vehicle outside a Dollar General Corp. store in Princeton, Illinois.
Daniel Acker | Bloomberg | Getty Images

Dollar General announced on Tuesday that it would be eliminating roughly 255 positions as part of a broader corporate restructuring plan.

All of the cuts are effective immediately, the company said. No positions at the store level have been impacted by the decision.

"Over the last several months, we have taken a hard look at our cost structure and are streamlining our support functions to improve our financial flexibility while positioning us to better serve our customers and to capitalize on long- term growth opportunities," said CEO Todd Vasos in a statement.

"This restructuring should allow us to continue strengthening our market leadership position and deliver long-term value for our shareholders."

As part of the restructuring, about 115 open positions will go unfilled. Dollar General said that all of its affected employees have been notified.

The company will report third quarter financial results on Dec. 3.