Giant Eagle Offering 340 Corporate Buyouts

PITTSBURGH (AP) - The Giant Eagle supermarket chain based near Pittsburgh is offering buyouts to 340 corporate employees, or one percent of its 34,000-employee workforce.

The company, based in O'Hara Township, says it's cutting costs because of falling grocery prices, and analysts say the company is also dealing with increased competition from discount grocers like Aldi.

The chain owns or operates more than 420 supermarkets and GetGo! Convenience stores and other outlets in Pennsylvania, Ohio, West Virginia and Maryland.

The buyouts don't affect store employees like cashiers and baggers, but are limited to corporate employees.

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