US supermarket operator Safeway has said it is to cut 940 administrative jobs in a bid to reduce costs as it struggles with falling sales and profits.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Safeway, which has been hit by fierce competition from Wal-Mart, said around half of the job cuts will be at its California and Arizona corporate offices.
“Because of a prolonged economic downturn and a difficult operating environment, we need to lower our costs of doing business,” Safeway chairman, president and chief executive officer Steve Burd was quoted by Reuters as saying.
The California-based grocer said that 252 positions to be axed are vacant posts that will not be filled.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
