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PITTSBURGH - Giant Eagle last week announced it would lay off 115 management, administrative and clerical workers as part of a restructuring effort. The majority of the cuts are being made at the company's headquarters office in Pittsburgh.
The company also announced it will further reduce its 35,000 workforce by not filling open positions and said it will be more aggressive in vendor negotiations to cut costs and get more competitive with retailers such as Wal-Mart.
Company spokesman Rob Borella was quoted in The Pittsburgh Post-Gazette as saying, "We want to continue our supermarket leadership position now and for years from now in the future," while declining further comment on recent sales trends.
In spite of its 50-plus percent market share in the Pittsburgh area, Giant Eagle, like all other food retailers, faces mounting pressure as new competitors -- the likes of which include Wal-Mart, Whole Foods and Trader Joe's -- encroach into its territories.