Just days after the sale of five of its grocery chains was completed, Supervalu announced it will eliminate about 1,100 jobs, or approximately 3% of its workforce. The company said its remaining business will need fewer corporate and store support roles and functions.
Store-level and Save-A-Lot employees are not expected to be affected by the reductions.
On Thursday, March 21, Supervalu completed the sale of Acme, Albertson's, Jewel-Osco, Shaw's and Star Market to an investor group led by Cerberus Capital Management. Supervalu's remaining businesses include Save-A-Lot and smaller regional chains including Cub, Farm Fresh, Shoppers, Shop 'n Save and Hornbacher's. It also operates a wholesale grocery distribution business.