Supervalu cutting 800 jobs, 200 in Minnesota
Supervalu is downsizing
Supervalu announced plans today to cut 800 employee positions across the country, including 200 in Minnesota.
The company, based in Eden Prairie, has been struggling for the past couple of years: In 2010 and 2011, the company cut 650 employee positions either through layoffs or by leaving open positions unfilled.
Supervalu has tried to turn itself around in part by targeting food stamp users with its prices, but that hasn't been enough to save all those jobs.
The cuts will mostly affect employees in Eden Prairie and Hopkins, according to the Star Tribune.
The cuts come in the wake of continuing bad news for the company, as Supervalu underperformed in important financial metrics "for the 15th consecutive three-month period."
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