New cost cutting move: Kroger offering early retirement

The Kroger Co. is offering early retirement to approximately 2,000 corporate employees.



The offer does not include store and district associates, senior officers, and supermarket division presidents. It is part of the chain’s effort to lower expenses without directly impacting shoppers.



“We believe a generous Voluntary Retirement Offering is in line with our company values and recognizes the long careers many of our associates have had with Kroger," stated Rodney McMullen, Kroger's chairman and CEO. "Kroger is committed to our operating model of lowering costs to invest in the areas that matter most to our customers."



Kroger does not plan to fill the vacant spots of employees who accept the offer the offer, according to The Wall Street Journal.