Winn-Dixie to cut 11,000 jobs

Thursday April 20 by Claudia bourneusatoday
Winn-Dixie Stores, a grocery chain in the southeastern USA, says it will fire 11,000 workers and close 114 unprofitable stores to help fend off fast-growing rivals such as Wal-Mart Stores. The sixth-largest U.S. grocer said it will also close a warehouse and two plants, consolidate offices and remodel 600 supermarkets. The moves, expected to save $245 million a year, will result in charges of $336 million. The chain, which has 1,189 stores, has been losing shoppers as Wal-Mart, Publix Super Markets and other grocers expand. Its shares have lost half their value in the past year.

<< Reply | none >>


Bad Mode

© copyright 2001-2006, created by Omniseek.