Giant Eagle will lay off, buy out 350 corporate employees to cut costs
Giant Eagle, Inc. will lay off corporate employees as part of a larger cost-cutting plan that involves eliminating 350 positions at the O'Hara-based grocery chain.
The company, which employs about 34,000 in more than 420 locations, announced Oct. 17 that it planned to offer buyouts to some corporate employees as part of a strategic plan aimed at reducing its overhead.
“Beyond the voluntary separation agreements that have resulted, the company has made the difficult decision that additional positions across its corporate office must be reduced,” Giant Eagle Spokesman Dan Donovan said in a statement Monday. “Considering both voluntary and involuntary actions, approximately 350 total positions have been eliminated as the company streamlines its corporate operations.”
A company representative said the “majority” of affected operations are at the grocery chain's headquarters. The company did not specify how many positions will be eliminated through buyouts as opposed to layoffs, and did not release the names of any other Giant Eagle locations where corporate employees could be affected. Timing of employee separations will vary based upon individuals' roles and responsibilities.
Read more: http://triblive.com/news/allegheny/11396181-74/eagle-giant-company