WAYNE, N.J. -- After closing 24 underperforming stores last year, Grand Union Co. here said it is implementing a special chainwide voluntary resignation incentive program that reportedly could reduce its store-level work force by 400 to 500 people. The cost-reduction move would represent a drop of approximately 3% in Grand Union's 16,000-member work force. According to Joseph J. McCaig, president and chief executive officer, the effort is intended "to induce higher wage-scale employees to ...
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