A total of 1,367 Shop ‘n Save workers will lose their jobs over the next couple months if a buyer doesn’t emerge for the 16 stores the Kirkwood-based discount grocer isn’t selling to Schnuck Markets Inc.
Shop n’ Save provided those figures to Missouri and Illinois officials in notices required for mass layoffs.
The news follows this week’s announcement that St. Louis-based Schnucks will acquire 19 Shop ‘n Save stores in the area. Schnucks will retain union workers at those stores.
However, Supervalu, the Minneapolis-based parent company of Shop ‘n Save, notified workers at other area stores and the grocer’s corporate headquarters that layoffs are imminent.
Jobs could be salvaged if another grocer decides to acquire the 16 locations. But local chains Dierbergs and Straub’s Fine Grocers have said they are not interested in the purchase, and industry experts said it’s unlikely that national chains like Kroger or Publix are eager to enter the St. Louis market.
Supervalu, which in July agreed to be acquired for $2.9 billion, has been seeking a buyer for Shop ‘n Save since the spring as it shifts its focus to the wholesale business.
Read more: St. Louis Post-Dispatch