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    Price Chopper Cuts 80 Positions From HQ

    CEO cites rising costs, need for greater efficiency

    Price Chopper Supermarkets has cut 80 positions from its corporate headquarters in Schenectady, N.Y., citing rising costs and a need for a greater efficiency in the face of increased competition.

    The reductions were made in management, field, clerical and administrative support; store-level positions were not affected.

    "Operating a retail business that lives on narrow margins and employs 22,000 people has become increasingly more challenging given today's realities," said Jerry Golub, the company's president/CEO.

    "Skyrocketing health care 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," Golub said.

    Golub added that severance packages, extended benefits and outplacement services would be available to those employees affected by the job cuts.

    "Despite the difficulty of the decisions implemented today, we are very optimistic about the future of our company and ready to face the challenges that lie ahead," Golub noted. "Though painful, these actions serve to better position Price Chopper as we move forward, both strategically and competitively."

    At press time, Price Chopper gave no further comment. 

    Price Chopper operates grocery stores in New York, Vermont, Connecticut, Pennsylvania, Massachusetts and New Hampshire. 

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