Thursday, March 28, 2013

Supervalu to eliminate 1,100 jobs

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.

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