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.
Penn Traffic operates 211 supermarkets in New Hampshire, New York, Ohio, Pennsylvania, Vermont and West Virginia under the Big Bear, Big Bear Plus, BiLo, P&C and Quality banners. The company also operates a wholesale food distribution business.
Companies: Wal-Mart Stores
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