NEWS WATCH: AHOLD TO LAY OFF 700 WORKERS AT U.S. FOODSERVICE...MIRACLE MART SELLS FIVE STORES IN UPPER MIDWEST

Ahold to Lay Off 700 Workers at U.S. Foodserviceit would eliminate nearly 700 jobs at its U.S. Foodservice division, including 500 administrative positions, and close some facilities as part of its recently announced restructuring of the troubled division. Ahold said it would take charges of between $50 million and $60 million in its fiscal fourth quarter associated with the restructuring, which includes

Ahold to Lay Off 700 Workers at U.S. Foodservice

it would eliminate nearly 700 jobs at its U.S. Foodservice division, including 500 administrative positions, and close some facilities as part of its recently announced restructuring of the troubled division. Ahold said it would take charges of between $50 million and $60 million in its fiscal fourth quarter associated with the restructuring, which includes workforce reductions, asset impairments, lease expenses related to closing

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