GRAND UNION MAKES FURTHER CUTBACKS

WAYNE, N.J. -- Grand Union here said last week it has terminated two more senior executives and 34 staff positions to reduce overhead.The two executives are Don Vaillancourt, corporate vice president for corporate affairs and corporate secretary, and Ray Ayers, corporate vice president for real estate. Each had been with the company for more than 20 years.Their departures follow the removal earlier

WAYNE, N.J. -- Grand Union here said last week it has terminated two more senior executives and 34 staff positions to reduce overhead.

The two executives are Don Vaillancourt, corporate vice president for corporate affairs and corporate secretary, and Ray Ayers, corporate vice president for real estate. Each had been with the company for more than 20 years.

Their departures follow the removal earlier last month of J. Wayne Harris as chairman and chief executive officer and the

Register to view the full article