WEST SACRAMENTO, Calif. — The restructuring process at Raley's Supermarkets here has concluded, Michael J. Teel, president and chief executive officer, said. After eliminating 153 corporate office positions earlier this month — just days after announcing it would eliminate five top executives — Teel said the company does not plan any more cutbacks. The layoffs are not the result of a financial crisis, he told SN. “Cash flow is very strong, and these moves are strategic, to preempt a ...
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