US regional supermarket operator Bi-Lo has confirmed plans to cut its workforce by around 130 as part of its reorganisation plan after its acquisition of fellow retailer Winn-Dixie in 2011.
Bi-Lo, which emerged from Chapter 11 bankruptcy protection in 2010 following financial restructuring, said those affected had been made aware of the cuts “many months ago”. The cuts will be made at the group’s former headquarters in Mauldin in South Carolina.
The lay-offs form part of a relocation of Bi-Lo’s headquarters to Jacksonville, Florida, where supermarket chain Winn-Dixie is based.
Bi-Lo bought the chain in December 2011 in a deal creating a company operating 690 stores across eight states.
In a statement on the job cuts, the company said it has established a severance pay plan to provide staff with “benefits information and career transition services” to assist them during the lay-off period.
Brian Wright, senior director of communications and community, said: “Bi-Lo will always have a connection to Greenville and we intend to maintain a strong presence through local store and distribution support. In addition, Anthea Jones will continue to work from Greenville as president of the banner. We anticipate growing, investing in our communities and adding more jobs over time across our footprint.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataBi-Lo said it will offer affected employees the opportunity to apply for any open positions or new positions as they arise.
Separations are expected to commence from 17 April.