Fierce competition from online and bulk-discount rivals including Amazon.com (AMZN) - Get Report and Walmart (WMT) - Get Report have spurred grocery store chain Kroger (KR) - Get Report to slash hundreds of high-level, non-unionized management jobs across the country.
The Cincinnati Enquirer reports that all 22 of its divisions in 35 states were scrutinizing management jobs under individual market presidents,noting the well-paid, non-union positions are a tempting target in tough times.
Times have indeed been tough for Kroger, which has seen its stock price tumble amid falling revenue and steeper costs related to competing with the likes of Amazon and Walmart, both of which have ramped up their grocery offerings and also their online and delivery options.
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