Albertsons Cuts Hours, Benefits in Oklahoma
OKLAHOMA CITY, Okla. - Boise, Idaho-based Albertsons has cut hours and benefits for some of its Oklahoma employees, a company spokeswoman told the Oklahoman, a local newspaper.
Albertsons spokeswoman Jennifer Vroman was quoted as saying that some full-time employees have been moved to part-time hours, and that employees working less than 30 hours a week will no longer have company-paid benefits. "This is already a requirement across the country; we are just standardizing across the board," Vroman told the paper.
Albertsons, which has roughly 3,500 employees working in 31 stores across Oklahoma, including a distribution center in Ponca City, has been trying to cut its operating costs in recent months.
In its first-quarter conference call at the end of June, Albertsons c.e.o. Larry Johnston said by the first half of 2004 that the retailer had cut $710 million as part of a multiyear, $1 billion cost-cutting plan while telling analysts to expect further labor and benefit savings.
Earlier this year Albertsons streamlined its management structure in its Dallas division, which oversees stores in Texas, Oklahoma, Louisiana, and Nebraska. New Orleans and Omaha grocery markets were exited, closing about 30 grocery and drug stores.
Albertsons spokeswoman Jennifer Vroman was quoted as saying that some full-time employees have been moved to part-time hours, and that employees working less than 30 hours a week will no longer have company-paid benefits. "This is already a requirement across the country; we are just standardizing across the board," Vroman told the paper.
Albertsons, which has roughly 3,500 employees working in 31 stores across Oklahoma, including a distribution center in Ponca City, has been trying to cut its operating costs in recent months.
In its first-quarter conference call at the end of June, Albertsons c.e.o. Larry Johnston said by the first half of 2004 that the retailer had cut $710 million as part of a multiyear, $1 billion cost-cutting plan while telling analysts to expect further labor and benefit savings.
Earlier this year Albertsons streamlined its management structure in its Dallas division, which oversees stores in Texas, Oklahoma, Louisiana, and Nebraska. New Orleans and Omaha grocery markets were exited, closing about 30 grocery and drug stores.