US: 200 jobs to go in Supervalu restructure
Supervalu Inc has announced a restructure which sees 200 jobs put at risk
US grocer Supervalu Inc has announced a business restructure which could see 200 jobs axed.
The decision to create a "streamlined independent business organisation" will see Supervalu consolidate its business from three to two regions, forming new east and west teams.
The new east and west business regions will be located in Mechanicsville, Virginia, and Hopkins, Minnesota, and led by presidents Kevin Kemp and Bill Chew respectively.
Supervalu said the reason for the restructure was to "reduce operating costs while continuing to drive sales growth with its current and prospective customers".
It "anticipates reducing" its entire workforce by 200 positions.
"Impacted employees will have an opportunity to apply for open positions within the new organisation," the statement added.
The company said it expects to create approximately 120 new jobs.
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Mar. 20, 2014-- SUPERVALU INC. (NYSE: SVU) today announced plans for a streamlined independent business organization. As part of the new structure, SUPERVALU’s independent business will consolidate from three regions to two regions, forming new East and West teams. The new East and West independent business regions will be located in Mechanicsville, VA and Hopkins, MN. To lead the new organizations, SUPERVALU has named Kevin Kemp president of the East region and Bill Chew president of the West region.
With this new independent business organization, SUPERVALU will streamline the organization and reduce operating costs while continuing to drive sales growth with its current and prospective customers. The changes also take into consideration the Company’s ongoing commitment to delivering excellent value, service and customer programs and offerings that meet the rapidly changing needs of its independent grocery store customers nationwide.
Initially, SUPERVALU anticipates reducing its employee workforce by approximately 200 positions throughout its independent business regional teams. Impacted employees will have an opportunity to apply for open positions within the new organization. The Company expects to fill approximately 120 new independent business jobs resulting in a net workforce reduction in its independent business organization as a result of this consolidation of approximately 80 positions. Employees who do not have employment with SUPERVALU going forward as a result of this workforce reduction will receive an offer of assistance related to this transition.
Original source: Supervalu Inc.
SUPERVALU INC. - Strategy and SWOT Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings...
The acquisition of 1,100 Albertsons outlets in 2006 greatly improved Supervalu Inc’s market position, propelling the wholesaler and grocery retailer to third place in supermarkets. However, the chain ...
Supervalu Inc. (Supervalu) is a wholesale and retail grocery chain. The company undertakes retail food services, and distribution services. It classified its operations into three reportable segments,...
Organic Food in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2009-13, and forecast to 2018). The profile also con...
Agricultural Products in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2009-13, and forecast to 2018). ...
Fruit & vegetables in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2008-12, and forecast to 2017). The...
Grocery retailers in the US are adapting to a changing consumer environment by adopting new concepts and creative in-store innovations. Several upscale supermarket retailers, for instance, have expand...
TechNavio's analysts forecast the Modern Grocery Retailing market in the US to grow at a CAGR of 0.76 percent over the period 2012-2016. One of the key factors contributing to this market growth is th...
- Premier Foods CEO expects UK supermarket rebound
- Why Post is increasing its exposure to cereal
- Lacklustre sales see Hershey turn to snacking
- Comment: Tread carefully over payment terms
- Briefing: The risks and rewards of e-tail in China
- Post Holdings strikes deal to acquire MOM Brands
- Hershey to acquire meat jerky firm Krave
- Up & Go breakfast drinks set for UK launch
- Hershey linked to takeover of jerky maker Krave
- Crisp maker Sibell acquires Spain's Celigueta
- 10 Key Trends in Food, Health and Nutrition 2015
- Unilever - Strategy and SWOT Report
- The Sugar Backlash and its Effects on Global Consumer Markets
- Global Consumer Trend Framework: Understanding Attitudes and Behaviors that Influence Global Consumption Habits
- PepsiCo, Inc. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report