<p style="text-indent:0px; line-height:12px;"><span style="font-weight:bold;line-height:130%"> Minneapolis, MN</span><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">By Jordan Okumura<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">03.26.13</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"><p>Supervalu has recently announced plans to reduce its national workforce by approximately 1,100 positions, according to a press release, and include both current positions and open jobs with no plans to be filled. Dates for the impacted jobs vary.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"><img class="small-cropped-image" src="https://cdn.andnowuknow.com/legacySmallCroppedImages/suyperv032613body1.jpg" alt="Images032613" /><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">“The decision to reduce our workforce, although difficult because of the impacts to our people, is the necessary next step in the rebuilding of our business,” said Sam Duncan, SUPERVALU’s president and chief executive officer. “This move is an important part of our strategy to be more focused and efficient in our operations, including how we staff and support our three business units going forward.”</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"><p>This workforce reduction follows news of SUPERVALU’s recent sale of ALBERTSONS, JEWEL, ACME, and SHAWS/Star Markets, as well as the SAV-ON and OSCO in-store pharmacies, to AB Acquisition LLC. The remaining smaller organization will require significantly fewer corporate and store support roles and functions making it essential that the new organization restructure accordingly.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"><p>The announcement affects nearly all offices and departments within the organization. In general, store level employees and SAVE-A-LOT, are not affected by this announcement. Employees whose positions are eliminated will be offered severance and outplacement services based on SUPERVALU’s eligibility guidelines.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">SUPERVALU plans to be a more focused and efficient wholesale and retail operation moving ahead, with three key business units consisting of Independent Business, SAVE-A-LOT and five strong regional retail banners. The three business units will provide SUPERVALU with a strong foundation and together and are anticipated to generate over $17 billion in revenues annually, the release notes.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.supervaluinvestors.com/phoenix.zhtml?c=93272&p=irol-irHome" target="_new"> Supervalu</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">
