Business & Tech
Shaw's, Star Market Announce Job Cuts
Sources say 700 jobs are cut across a number of stores in New England.
Shaw's and Star Market are planning to make some cuts to their workforce in New England.
The supermarket chains owned by Supervalu, Inc. are cutting 700 positions across 169 stores, 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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There are three Shaw's/Star Market stores in Newton, including locations in Auburndale, Newtonville and Chestnut Hill.
About 90 of the employees have been informed of the decision, and a press release picked up on Daily Finance indicates the rest will be notified over the next several days. The company announced that the layoffs do not "impact Shaw's overall commitment to the communities it serves."
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See the full press release on Daily Finance.
At this time, sources do not indicate how these cuts specifically impact the Newton store locations.
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