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.
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