Supervalu (SVU) Unit SHAW’S to Layoff 700 Workers
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Supervalu, Inc. (NYSE: SVU) sbusidiary SHAW’S Supermarkets has announced plans to reduce its store-level workforce by an estimated 700 positions. These reductions, which will occur across 169 SHAW’S and STAR MARKET stores in New England, will be finalized by November 3.
Approximately 90 associates impacted by the layoffs have already been informed of their status and the remaining will be informed during the next several days. This announcement does not impact SHAW’S overall commitment to the communities it serves. The company remains focused on driving sales through a solid plan of lowering prices, investing in the customer experience, and implementing programs designed to attract new customers to the stores.
Approximately 90 associates impacted by the layoffs have already been informed of their status and the remaining will be informed during the next several days. This announcement does not impact SHAW’S overall commitment to the communities it serves. The company remains focused on driving sales through a solid plan of lowering prices, investing in the customer experience, and implementing programs designed to attract new customers to the stores.
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