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Shaw's, Star Market Announce 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.

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."

See the full press release on Daily Finance.

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