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March 29, 2015 8:14 PM ET

Food and Staples Retailing

Company Overview of The Golub Corporation

Company Overview

The Golub Corporation, doing business as Price Chopper, operates discount supermarkets. It offers products in the areas of pharmaceuticals, meat, flowers, cheeses, seafood, and deli products. The company also offers its products online. The Golub Corporation was founded in 1932 and is based in Schenectady, New York. The company has locations in Connecticut, Massachusetts, New Hampshire, New York, Pennsylvania, and Vermont.

501 Duanesburg Road

Schenectady, NY 12308

United States

Founded in 1932

Phone:

518-355-5000

Fax:

518-355-0843

Key Executives for The Golub Corporation

President and Chief Operating Officer
Chief Financial Officer, Senior Vice President of Finance and Treasurer
Chief Technology Officer and Vice President of Technical Services
Chief Information Officer and Senior Vice President
Vice President and Assistant Treasurer
Compensation as of Fiscal Year 2014.

The Golub Corporation Key Developments

Price Chopper to Cut about 80 Jobs in Schenectady, New York

Price Chopper has eliminated about 80 positions from its administrative workforce in Schenectady, New York, as the supermarket chain contends with higher costs, fierce competition and other challenges. The job cuts come through layoffs and attrition and include management, field, clerical and administrative support employees. Laid off employees are being given severance packages, extended benefits and job placement services. No store-level positions were cut. No store-level positions were cut.

Price Chopper Eliminates 80 Positions, Including 34 Admin Staff

Thirty-four administrative employees worked their last day at Price Chopper in Schenectady, NY, as the company eliminated the jobs-along with 46 other vacant positions-to cut costs and stay competitive. It's the first time in the 81-year history of The Golub Corp. that layoffs hit the administrative staff. The 80 staff reductions illustrate the increasing pressure on the company to control costs as consumers have even more options for buying food. Meanwhile, 10 new positions have been created though not yet filled. The layoffs were spread across many departments, and include people who work at the six-story headquarters on Nott Street in Schenectady as well as the distribution warehouse in nearby Rotterdam.

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