ARGYLL REALIGNMENT TO CUT 4,800 JOBS

LONDON (FNS) -- Argyll Group here, which owns Safeway in the United Kingdom, said its ongoing $306.2 million (195 million pound) restructuring program will result in the loss of 4,800 jobs.The program, called Safeway 2000, is aimed at making the United Kingdom's third-largest food retailer more competitive with its two rivals, J. Sainsbury and Tesco, both here.Sir Alistair Grant, chairman of Argyll,

LONDON (FNS) -- Argyll Group here, which owns Safeway in the United Kingdom, said its ongoing $306.2 million (195 million pound) restructuring program will result in the loss of 4,800 jobs.

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