By Dow Jones Business News, October 16, 2013, 02:51:00 PM EDT
By Karen Johnson
TORONTO--Loblaw Cos. (L.T) said Wednesday it has slashed 275 management and administrative jobs, as the grocery giant
seeks an edge in the increasingly competitive Canadian market.
More than 200 of the jobs were trimmed from its Brampton, Ontario head office, the company said.
"We are streamlining our organization to strengthen our competitive position," Loblaw spokesman Robert Chant said in
an email. He said the move comes as Canada's leading grocer seeks to become "a more agile company better prepared to
compete in the marketplace."
Mr. Chant said the job cuts, which come a year after 700 head office employees were laid off, is unrelated to the
company's agreement to buy Shoppers Drug Mart Corp. (SC.T) for 12.4 billion Canadian dollars ($12 billion). That deal,
announced this summer, will give the 95-year-old Loblaw a greatly expanded footprint, and a heavier presence in coveted
Canadian grocers have been jostling for position, competing against each other and vying for shoppers' attention as
U.S. discount giant Target Corp. ( TGT ) opens its first stores across Canada.
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