Bringing the Economy Home

Supervalu Announces More Layoffs In Boise

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Supervalu and CVS Corp. purchased the majority of Albertsons' stores in 2006.

Supervalu will lay off 20 administrative employees in Boise between now and the end of August, the Idaho Statesman is reporting.  That news comes on the heels of the announcement this morning that the grocery chain has ousted CEO Craig Herkert.

Albertsons’ parent company suspended its dividend earlier this month, leading to speculation that Supervalu could be sold.  Supervalu in February announced it would lay off 130 employees at its corporate offices in Boise.  Those cuts were to be complete by February 25.

Minnesota-based Supervalu bought Albertsons in 2006.  Albertsons local workforce has since shrunk from between 5,000 and 6,000 to between 3,000 and 4,000 employees.


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