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.


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.

GlobalData Strategic Intelligence

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

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now