NASHVILLE, Tenn., Sept. 27, 2016 (GLOBE NEWSWIRE) — Corrections Corporation of America (NYSE:CXW) (the Company or CCA), America’s largest owner of partnership correctional, detention, and reentry facilities, today announced a restructuring of the Company’s corporate operations and implementation of a cost reduction plan. CCA expects that 50 to 55 full time positions will be eliminated as a result of the restructuring, or approximately 12% of the corporate workforce at its headquarters. The restructuring realigns the corporate structure to more effectively serve facility operations and support the progression of CCA’s business diversification strategy.
CCA expects to report a charge in the third quarter of 2016 of approximatel…
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