ANNUAL MEETING

WHIPPANY, N.J. -- Grand Union Co., Wayne, N.J., last week continued to trim its costs and prepare for a potential sale, Gary M. Philbin, president and chief executive officer, said at the company's annual meeting here.Grand Union eliminated 170 positions, most at its Wayne, N.J., headquarters and at its upstate New York administrative offices. The layoffs, which Philbin said would save between $8

WHIPPANY, N.J. -- Grand Union Co., Wayne, N.J., last week continued to trim its costs and prepare for a potential sale, Gary M. Philbin, president and chief executive officer, said at the company's annual meeting here.

Grand Union eliminated 170 positions, most at its Wayne, N.J., headquarters and at its upstate New York administrative offices. The layoffs, which Philbin said would save between $8 million and $12 million per year, came six months after Grand Union let go 34 employees

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