USA: Penn Traffic cuts 125 administrative, supervisory jobs
US regional supermarket operator Penn Traffic has announced it is to cut 125 administrative and supervisory jobs, of which 25 are currently vacant positions. The Syracuse, New York-based retailer filed for bankruptcy at the end of May this year following a decline in its operating performance. The company had been struggling amid a weak economy and fierce competition from discount retailers such as US retail giant Wal-Mart.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- Trump seen as negative for global food trade
- Analysis: B&G Foods balancing growth and decline
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs
- Lindt sees FY sales acceleration on Europe growth