PLEASANTON, Calif. -- Safeway here said last week it is eliminating 940 administrative positions in an effort to reduce its cost structure -- a move some industry observers said could be a prelude to additional cutbacks at a higher corporate level. The company declined to pinpoint the cost savings it anticipates until it reports second-quarter financial results on July 24, and estimates by securities analysts contacted by SN ranged from $50 million to $100 million or more, excluding ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.