Supervalu to Cut 39 Marketing Jobs Companywide
Supervalu, Inc., plans to eliminate 39 marketing positions across the country, company spokesman Mike Siemienas told Twin Cities Business on Tuesday.
The cuts are part of a restructuring of Eden Prairie-based Supervalu’s marketing team. Siemienas said the new marketing structure will “improve core processes, eliminate redundancies, create efficiencies, and better integrate the entire marketing team.”
He added that the layoffs affect a “variety of levels,” but he didn’t specify how many will occur in Minnesota.
Affected employees received notice on Thursday, and the cuts will be implemented “over the next several weeks,” Siemienas said.
In recent months, Supervalu has been closing stores, cutting jobs, selling off some businesses, and lowering its debts in an effort to turn itself around. In February, the company announced plans to cut about 800 positions from its corporate and regional offices, including roughly 200 jobs in Minnesota. Supervalu said at the time that the cuts were part of an ongoing effort to reduce operating costs and ultimately provide more competitive pricing to Supervalu customers.
Siemienas said that the just-announced 39 job cuts are separate from the February announcement.
For the fiscal year that ended in February, Supervalu reported a net loss of $1 billion on net sales of $36.1 billion. Excluding one-time items, net income totaled $265 million, or $1.25 per share.
Last month, Supervalu announced plans to cut between 2,200 and 2,500 jobs at its Albertsons supermarkets in California and Nevada—or up to 13 percent of the chain’s store-level work force in those two states. Supervalu said that stores in both states have experienced a reduction in traffic and an overall decline in sales, and it had not adjusted its store-level operations accordingly.
Albertsons is the largest retail chain in Supervalu’s family of grocery stores. Supervalu—which also owns Cub Foods—is among Minnesota’s five-largest public companies based on revenue. It currently serves customers across the United States through a network of approximately 4,300 stores. The company has about 130,000 employees.