Market Overview

ALBERTSONS Southern California Division Announces Workforce Reduction; To Cut An Estimated 2,200-2,500 Positions From Its Retail Stores In Cali/Nevada

ALBERTSONS Southern California Division, a subsidiary of SUPERVALU INC. (NYSE: SVU), today announced plans to reduce its store-level workforce by an estimated 2,200-2,500 positions. These reductions, which will occur across all 247 Albertsons stores in California and Nevada, will begin the week of June 17 and should be completed near July 1. The change is expected to directly impact a small number of positions at any specific store location.

ALBERTSONS, which represents the largest retail chain in SUPERVALU's family of grocery stores, is focused on simplifying its organization and reducing expenses to help reinvest in more customer facing initiatives. “A decision of this nature is never easy, but it is the necessary step for us to take to help improve our business and accelerate our turnaround,” said Dan Sanders, president, ALBERTSONS Southern California Division. “Our goal is to more effectively serve the marketplace by scheduling associates more appropriately to serve customers at the times they shop. I am confident our team will embrace these changes and help us to compete more effectively in a rapidly changing marketplace.”

Posted-In: News Management Events

 

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