Minnesota-based Supervalu cuts 50 jobs in IT restructuring

About 50 Supervalu employees in information technology are losing their jobs at the company's corporate campus in Eden Prairie. The move Wednesday follows the ousting of chief executive officer Craig Herkett earlier this week, and the loss 200 local white-collar jobs announced by Supervalu in February.

Author:: BMTN Staff
Updated:: Mar 8, 2018
Original:: Aug 1, 2012

About 50 Supervalu employees in information technology are losing their jobs at the company's corporate campus in Eden Prairie. The move Wednesday follows the ousting of chief executive officer Craig Herkett earlier this week, and the loss 200 local white-collar jobs announced by Supervalu in February.

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The Dayton Business Journal reports 120 people will lose their job when the Eden Prairie-based company consolidates the center. In February, Supervalu announced it was eliminating 800 jobs nationwide, including 200 workers in Minnesota.

The job cuts are part of 800 layoffs around the country. Most of the Minnesota job cuts will occur at the grocery giant's corporate offices in Eden Prairie, though some workers at distribution centers and Cub Foods offices will also get pink slips. Store-level employees are not included in the downsizing.

Supervalu has pushed out CEO Craig Herkert from the struggling Eden Prairie-based supermarket chain, the Associated Press reports. Chairman Wayne Sales will take on the roles of president and chief executive officer as Supervalu explores a possible sale of its operations following disappointing quarterly results.

Shares of the Eden Praire-based grocery retailer fell to an all-time low Thursday following news late Wednesday the company is exploring options that include putting itself up for sale. Supervalu is the third largest grocery company in the country, but has not turned an annual profit in three years.

Eden Prairie-based Supervalu said it will reduce its workforce by cutting supermarket-level jobs at its Albertson's stores in California and Nevada. Albertsons is the largest retail subsidiary of the Supervalu, with 247 stores in the western United States. Supervalu owns a dozen supermarket chains, including Cub Foods in the Twin Cities.

The troubled Eden Prairie-based grocery-store chain is expected to provide prospective buyout firms financial information later this week, the Wall Street Journal reports. Last week, Supervalu hired Goldman Sachs to explore selling either part or all of its supermarket operations after it reported a plunge in quarterly profit.

Eden Prairie-based Supervalu will cut about 700 grocery store jobs at its Shaw's and Star Market subsidiary stores in New England, two weeks after it posted a loss for the second quarter and said it was considering selling the company, the Associated Press reports.

Minneapolis-based Target and Richfield-based Best Buy closed roughly 200 stores on the east coast because of Hurricane Sandy on Monday. Eden Prairie-based Supervalu closed about 20 of its Acme Market stores.

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