MINNEAPOLIS — Supervalu on Friday said it would implement a pay freeze for all employees at its corporate headquarters here and said it would also reduce or suspend matching contributions to workers’ 401(k) plans, effective next year. “As we have stated during our last two earnings calls, we need to immediately take costs out of the business in order to fund our growth plans. As a result, Supervalu today announced changes to team member compensation and benefits, as ...
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.