Jewel-Osco parent to cut 800 jobs; 20 in Itasca
Updated: October 24, 2012 10:09PM
Jewel-Osco is cutting 20 positions at its Itasca headquarters as part of a companywide restructuring by parent company Supervalu that will eliminate 800 jobs, the grocer said Tuesday.
A Jewel-Osco spokeswoman could not say immediately the types of positions affected.
The Eden Prairie, Minn.-based Supervalu, which also owns the Albertsons and Save-A-Lot chains, on Jan. 11 lowered its full-year sales outlook as it continues to work to lower its prices to better compete with discount rivals, including a growing presence in the Chicago area of Aldi, Wal-Mart and Target; and larger fresh-food selections at CVS and Walgreens. The company has been slowed by debt remaining from its $17.4 billion acquisition of 1,120 Albertsons stores, including 202 Jewel-Osco stores in the Chicago region, six years ago.