Supervalu to Cut 1,100 Jobs to Trim Costs as Sales Fall
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Supervalu Inc., the grocery-store operator that sold five brands to a private-equity led group last week, plans to eliminate 1,100 jobs as it trims costs amid falling sales.
The cuts, which will come from its corporate and store-support offices, include current positions and open jobs that won’t be filled, the Eden Prairie, Minnesota-based company said today in a statement. The reductions represent about 3.1 percent of the workforce for the company, which has about 35,000 employees.