Dive Summary:

• Minneapolis-based Supervalu announced Tuesday that it will cut around 1,100 jobs, including both current positions and openings that won't be filled.
• The cuts come on the heels of the company's sale of its largest retail chains, including Albertsons, Jewel, Acme and Shaws/Star Market.
• Supervalu said that store-level employees and Save-A-Lot won't be affected "in general," and that employees in positions that are being cut will be offered severance and outplacement services based on company guidelines.

From the article:

... “The decision to reduce our workforce, although difficult because of the impacts to our people, is the necessary next step in the rebuilding of our business,” said Sam Duncan, Supervalu’s newly appointed president and chief executive officer. “This move is an important part of our strategy to be more focused and efficient in our operations, including how we staff and support our three business units going forward.” ...