Business & Tech
Shaw's Cuts Jobs
Sources say 700 jobs are cut across a number of stores in New England, including at the North Beverly store.
Shaw's Supermarkets have cuts jobs in New England, including at its North Beverly store.
The supermarket chain owned by Supervalu, Inc. is cutting 700 positions across 169 stores, including at its Star Market locations, according to an AP story on the Huffington Post. This follows a second-quarter loss for the company, which fired its CEO in July.
See the full AP story on Huffington Post.
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The company announced that the layoffs do not "impact Shaw's overall commitment to the communities it serves."
See the full press release on Daily Finance.
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At the North Beverly store, sources said that 11 people were cut on Friday.
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