Supervalu’s stock price plummeted as the company announced poor first-quarter results and said it has hired financial advisors to help it review “strategic alternatives.”
Workforce + Talent
The board also voted in favor of eliminating so-called “administrative transitional leaves”—high-paying leaves that were offered to university executives who were stepping down from their administrative roles but staying on as faculty members.
Some high-profile projects—like the proposed St. Paul Saints ballpark and the Southwest Corridor light-rail line—previously announced plans to seek a share of the state funding, but 90 applications have now been filed.
The cuts, which include roughly 600 Geek Squad positions, are in addition to 400 corporate layoffs announced in March.
UnitedHealth Group plans to hire 115 employees for a call center in Chico, California—continuing a recent hiring streak through which it is already adding more than 2,000 jobs in Colorado and Texas.
The job cuts come at a time when Xata—which provides fleet-management software for trucking companies—is moving away from onboard systems and toward the use of mobile devices.
Reentry Connect, a collaboration between Twin Cities Rise! and RS Eden, will use the funding to provide work force development assistance to previously incarcerated women.
A company spokesman said that the cuts, which will be implemented “over the next several weeks,” are part of a restructuring of the grocer’s marketing team.
UnitedHealth Group on Tuesday announced plans to hire 1,500 employees to staff four Texas locations.
Some of the hospital system’s inpatient nursing units will grow and some will shrink as part of a “rebalancing” act that aims to ensure that each shift is at the optimal staffing level—but the reorganization is predicted to result in a net gain of 40 to 50 positions.
About a week after Farley’s & Sathers completed its merger with Ferrara Pan Candy Company, the combined business announced plans to shutter facilities in Minnesota and Tennessee, resulting in an unspecified number of layoffs.
Almost half, or 48 percent, of those surveyed expect a revenue boost, and 40 percent expect profits to rise over the next year; meanwhile, one-third of respondents expect revenue and profits to remain flat.
The state added government, manufacturing, and construction jobs in May while shedding jobs in the professional and business services, information, and leisure and hospitality sectors.
The 3.5 percent tuition increase for undergraduate Minnesota residents will be the lowest year-over-year hike in more than a decade; the budget for the 2012-2013 school year also calls for a 4.8 percent resident tuition increase for daytime MBA students.
The cuts will occur across all 247 Albertsons stores in California and Nevada; Supervalu said that stores in those states have experienced both a reduction in traffic and an overall decline in sales, and it had not adjusted its store-level operations accordingly.
The new, 11.5-year lease is for 123,882 square feet, roughly half of what the company currently leases—but Piper Jaffray is currently subletting 93,000 square feet of space to other companies, so the space that it actually occupies will shrink by 22,880 square feet.
A Metropolitan Airports Commission spokesman told the Star Tribune that the commission “had a phone conversation with leadership at Pinnacle to express our interest in seeing them move here.”
In addition to the new London office, the local hedge fund manager now has offices in Minneapolis; Austin, Texas; and Singapore.