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Albertsons' Restructuring will Eliminate Jobs

Albertsons' Restructuring will Eliminate Jobs

Posted - Jun. 17, 2004 at 7:51 a.m.



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BOISE, Idaho (AP) -- Albertsons Inc. officials met with employees in Idaho, Utah and Montana on Wednesday to outline a management restructuring that will eliminate about 50 jobs across the three states.

Spokeswoman Stacia Levenseld said the restructuring, which has been in the works for several weeks, reflects an effort to reduce management at the division and store level.

The three-state Intermountain region is the second to undergo what Levenseld called "a delayering of store management." She declined to disclose its impact on employment in the Dallas-Fort Worth Division earlier this year. But the company said that restructuring reduced first-quarter earnings by a penny a share.

The company, the nation's second largest food and drug retailer, has 2,500 stores with 230,000 employees in 37 states. About 11,300 of those employees work at the 120 stores in Idaho, Utah and Montana.

(Copyright 2004 by The Associated Press. All Rights Reserved.)

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