Macy's Inc. is cutting 2,500 jobs as part of a reorganization to sustain its profitability.

The announcement comes on the heels of a strong holiday shopping season for the department store chain.

Macy's said Wednesday that it will reassign or transfer some workers and add some positions, leaving its workforce level at about 175,000.

The Cincinnati-based company plans to close five stores and open eight others, leaving it with 844 stores nationwide once the changes are complete.

Macy's says the moves will save it $100 million per year and forecast a 2014 profit above Wall Street's forecasts.

The news sent its shares up 5.5 percent in after-hours trading.

Macy's layoffs will result from a reorganization of the chain's regional structure, the elimination of some district planner roles and cuts in some store positions and administrative expenses.

Changes planned at Macy's are expected to save an estimated $100 million per year, the company said. The company will close stores in Mesa, Ariz.; Overland Park, Kan.; Florissant, Mo.; Irondequoit, N.Y.; and Murray, Utah. Including planned new stores, the company will operate 844 stores under the Macy's and Bloomingdale's banners.

Macy's in West Manchester Township

Locally, the Macy's in West Manchester Township is part of a proposed redevelopment of the West Manchester Mall.

In November, Tony Ruggeri of Texas-based M&R investors appealed to the York County Commissioners for a tax increment financing program that would help fund the revitalization of the Loucks Road property his partnership bought in 2012 for $17.5 million.

The plan would, for a period of time, allow real estate taxes on the improved center to be used to pay off infrastructure additions to the site, including a new mall entrance off Carlisle Road.

All taxing entities must approve of the plan before it can become reality.

So far, the document has been approved by both York County Commissioners and West York Area School District.

In West Manchester Township, a public hearing was held Dec. 30 on the issue. No one attended to speak on the issue, Kelly Kelch, township manager, said.

The final step in the process, supervisors will vote on the proposal Jan. 23, he added.

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