Raley's Completes Restructuring

The restructuring process at Raley's Supermarkets here has concluded, Michael J. Teel, president and chief executive officer, said. After eliminating 153 corporate office positions earlier this month just days after announcing it would eliminate five top executives Teel said the company does not plan any more cutbacks. The layoffs are not the result of a financial crisis, he

WEST SACRAMENTO, Calif. — The restructuring process at Raley's Supermarkets here has concluded, Michael J. Teel, president and chief executive officer, said.

After eliminating 153 corporate office positions earlier this month — just days after announcing it would eliminate five top executives — Teel said the company does not plan any more cutbacks.

The layoffs are not the result of a financial crisis, he told SN. “Cash flow is very strong, and these moves are str

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