WEST SACRAMENTO, Calif. — Raley's here eliminated over 150 positions from its corporate offices on Friday, one week after it said it was eliminating five of its top executives. In a message to Raley's employees, Michael J. Teel, president, said, "This restructuring process has concluded." In announcing the cutbacks, Teel said he elected to take a 50% decrease in his own salary "because I believe that organizational change must begin at the top and that leadership should not be immune to its ...
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.