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Supervalu (SVU -1.2%) subsidiary Shaw Supermarkers will reduce its workforce by 700 positions...

Supervalu (SVU -1.2%) subsidiary Shaw Supermarkers will reduce its workforce by 700 positions this month. The company is in the position of needing to trim itself with margins compressing due to competition from specialty stores and big retailers amid higher costs.
Comments (3)
  • Good to hear on Shaw. Most all businesses are over-staffed by 3 or 4 % at a minimum. Those dollars should be most favorable to the quarterly reporting for SVU.

     

    Let's hope we see many more 'trimmings' in the near future for all SVU units.
    2 Nov 2012, 11:46 AM Reply Like
  • No surprises with the announcement. Until like store sales stabilize expect more of the same.
    2 Nov 2012, 01:04 PM Reply Like
  • The stores pay the price for 4 years of mismanagement by Craig Herket. 700 families wo will never shop at a SVU store. The collapse of SVU is what happens when a company only thinks about the shareholders and ignores the stakeholders!
    3 Nov 2012, 11:12 PM Reply Like
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