Supervalu to Cut 135 Jobs

Minneapolis Supervalu announced late Tuesday that it would establish a third-party finance partner that would result in the elimination of 135 finance and accounting positions in Minneapolis and in Boise, Idaho.

In a statement, Supervalu said the decision was made "after months of careful analysis [as] part of our ongoing efforts to improve operational efficiencies and enhance our competitiveness. Partnering with a provider who specializes in this type of work will enable us to improve processes and reduce costs so that we can apply greater resources to serving our customers." Supervalu has not yet named the third-party provider. Reportedly, the transition process of letting those 135 people go will occur over a period of approximately 12 to 18 months.