Pricechopper cuts jobs due to rising costs

SCHENECTADY, N.Y. — Price Chopper Supermarkets announced that it has cut about 80 positions, citing a need to improve efficiency within the company amid rising costs, including “skyrocketing” healthcare costs.

"Operating a retail business that lives on narrow margins and employs 22,000 people has become increasingly more challenging given today's realities. Skyrocketing healthcare 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,” said Jerry Golub, president and CEO of Price Chopper.

The eliminated positions were in management, field, clerical and administrative support. Store-level positions were not impacted.

"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. Though painful, these actions serve to better position Price Chopper as we move forward, both strategically and competitively,” Golub added.

 

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