Supervalu (SVU) Unit SHAW’S to Layoff 700 Workers


FREE Breaking News Alerts from StreetInsider.com!

E-mail Address
November 2, 2012 9:16 AM EDT Send to a Friend
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.

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here


You May Also Be Interested In


Related Categories

Corporate News

Related Entities

Layoffs

Comments

Forward!
Mick on Nov 2, 2012 01:43 PM
Mark as Spam | Reply to this comment

Welcome to the recovery.

Clueless?
Martel on Nov 2, 2012 12:28 PM
Mark as Spam | Reply to this comment

Amazing how SuperValu has put the Shaw's name in the hole. Remember when Shaw's had low prices and kept the customers and employes happy. Since buying the company and with their "VOW" to lower prices, they have done the opposite. And now they are letting employees go to value the customers. Sorry poor tatics and will NEVER shop there again!


Add Your Comment