Citing low food prices and other industry pressures, grocer Giant Eagle says it plans to offer buyouts to a number of corporate employees.
“Like many food retailers regionally and nationally, Giant Eagle has recently been impacted by various industry factors, including but not limited to deflationary trends in food pricing,” Dan Donovan, director of corporate communications, said in a statement.
“The company has realized a need to maximize cost efficiencies, reduce overhead costs and streamline our supply chain,” Mr. Donovan said. “These efforts include a voluntary separation offer made available to a number of team members in its corporate offices.”
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