Supervalu axes 1,100 positions, including 600 Minnesota jobs

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Supervalu Inc. is eliminating roughly 1,100 corporate and regional office jobs across the country, or about 3 percent of its workforce, Bloomberg reports.

The move comes less than a week after the struggling Eden Prairie-based grocer completed the $3.3 billion deal to sell five of its supermarket chains last week to an investment group led by Cerberus Capital Management.

A company spokesperson told WCCO that about 600 jobs will be cut from Minnesota -- mostly at its corporate headquarters. The workforce reduction will include both current positions and jobs that will not be filled.

“The decision to reduce our workforce, although difficult because of the impacts to our people, is the necessary next step in the rebuilding of our business,” CEO Sam Duncan said in a news release. “This move is an important part of our strategy to be more focused and efficient in our operations, including how we staff and support our three business units going forward.”

Click here, to follow Supervalu's stock performance.

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