Price Chopper has cut nearly 80 positions from its corporate headquarters in Schenectady, N.Y., citing rising costs and a need for greater efficiency.
Jerry Golub, the company’s president and CEO, said the current business climate forced the company to eliminate 80 positions in the company, “some through attrition and some with incumbents. The decisions were not made lightly, as we understand the impact that they have on families and communities. We are doing everything possible to ease this transition for our displaced teammates, by way of severance packages, extended benefits and outplacement services. Operating a retail business that lives on narrow margins and employs 22,000 people has become increasingly more challenging given today’s realities. Skyrocketing healthcare costs, rising commodity and fuel costs, rising wages, and reduced SNAP benefits, on top of increased competition from a variety of food and non-food businesses that have added food to their mix, have made it more imperative than ever for us to become as efficient as possible in order to best position the company for long-term success. The eliminated positions were management, field, clerical and administrative support in nature. Store-level positions were not impacted, as we continue to focus our energies on elevating the shopping experience for our customers, modernizing our brand and inventing our next generation of stores.”
