Wednesday, February 8, 2012

Supervalu cutting 800 office positions this month

Less than a month after reporting a $750 million quarterly loss and having its Fitch Rating downgraded to B, Supervalu (Acme & Save-A-Lot in the Greater Philly market) announced yesterday that it would eliminate approximately 800 corporate and regional office jobs by February 25.

The company is in the midst of a strategy to deliver more competitive pricing by reducing operating costs. Supervalu currently has about 135,000 employees.

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