Denny Corp.(JUST IN)

SPARTANBURG, S.C. -- DENNY'S CORP. Monday said it had reorganized its field management for corporate and franchised operations, eliminating 80 to 90 positions that would result in annual cost reductions of $8 million to $9 million, including an expected net savings for the fourth quarter of about $1 million. The operator or franchisor of nearly 1,550 namesake restaurants said it would reinvest about $3 million of the projected annual savings into initiatives to boost sales, chain expansion and operational performance. "By optimizing our field leadership structure, investing in an expanded management training program and placing more accountability and …