MN-based Supervalu to shed 1,100 jobs

6:00 PM, Mar 26, 2013   |    comments
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MINNEAPOLIS - Minnesota-based Supervalu will shed an estimated 1,100 positions in an effort to reverse the company's sagging fortunes.

About 600 of those jobs are expected to come in the Twin Cities.

The announcement, released Tuesday, says that the final working dates for impacted employees vary, based on the needs of the business and the areas they support. The reductions include both current positions and open jobs that will not be filled.

"The decision to reduce our workforce, although difficult because of the impacts to our people, is the necessary next step in the rebuilding of our business," said Sam Duncan, Supervalu's president and chief executive officer. "This move is an important part of our strategy to be more focused and efficient in our operations, including how we staff and support our three business units going forward."

Tuesday's announcement follows the company's recent sale of Albertson's, Jewel, Acme, and Shaws/Star Markets, as well as the Sav-on and Osco in-store pharmacies, to AB Acquisition LLC.

The sales, completed March 21, means the remaining organization will require significantly fewer corporate and store positions.

While the announcement will affect nearly all company offices and crosses most departments within the organization, Supervalu officials say store level employees and Save-a-lot, the company's hard-discount retail chain, will be largely unaffected by the job cuts.

Employees whose positions are eliminated will be offered severance and outplacement services based on Supervalu's eligibility guidelines.

Supervalu has about 3,470 stores in the U.S. and approximately 35,000 employees.

(Copyright 2013 by The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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