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CARTERET, N.J. -- In the wake of the elimination of 85 positions at Pathmark, most as a result of a voluntary retirement incentive program, the executive structure of the Northeast regional retailer will undoubtedly change-and s.v.p. of retail development Harvey Gutman, one of those who accepted the buyout, will stick around to help push through those changes with minimal disruption.
Pathmark spokesman Rich Savner told Progressive Grocer that Gutman would stay on full-time for an as-yet-undetermined period to assist with transition issues, and then remain with the company in a consulting capacity. Another high-profile executive who accepted the buyout was s.v.p. and controller Joseph Adelhardt.
Starting in December 2005, Pathmark offered the buyouts to all active, full-time, nonunion nonstore employees at least 52 years old (or age 55, if a v.p. or higher), and with a minimum of 10 years of continuous service in the company's pension plan. Pathmark also offered buyouts to active, full-time store managers, assistant managers, district managers, assistant district managers, and store receivers fulfilling age and service requirements.
Some of the eliminated positions were vacant, while several associates were terminated when their jobs were cut. Most of the positions were eliminated Feb. 1.
Pathmark, which has experienced financial difficulties in recent years, anticipates savings of $8 million to $9 million annually through eliminating the positions.