EDEN PRAIRIE, Minn. (WCCO) — Employees saw the writing on the wall last week when Eden Prairie-based Supervalu unloaded its massive debt and spun off half of its grocery businesses.
In a fight to turn around the grocery giant, Supervalu sold 877 of its retail grocery stores to AB Acquisition LLC for $100 million and the assumption of $3.2 billion in Supervalu debt.READ MORE: Minnesota Bishop Michael Hoeppner Resigns After Vatican Probe Into Cover-Up
Now, the other shoe has dropped as the company began issuing pink slips to 600 of its 2,700 corporate employees — the total nationwide layoffs will total more than 1,100.
“Today is difficult because of the impact it does have,” explained company spokesman, Mike Siemienas.
NewsRadio 830 WCCO’s Chris Simon Reports