Kroger offers 2,000 buyouts for employees

Kroger is offering 2,000 buyouts for non-store employees.
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Kroger is offering 2,000 buyouts for non-store employees.

Kroger has offered one-time, voluntary buyouts to certain employees, the company announced.

The Cincinnati-headquartered grocery retailer said 2,000 non-store associates are eligible for voluntary retirement. The deal includes administrative associates who meet certain criteria related to age and years of service as of Dec. 1.

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The offer does not include store and district associates, senior officers or supermarket division presidents. The company said the buyouts are part of an ongoing effort to control cost.

“Kroger would not be the successful company it is today without the incredible efforts of all of our associates. We believe a generous Voluntary Retirement Offering is in line with our company values and recognizes the long careers many of our associates have had with Kroger,” said Rodney McMullen, Kroger’s chairman and CEO. “Kroger is committed to our operating model of lowering costs to invest in the areas that matter most to our customers.”

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The offer expires in early March. Kroger has about 431,000 associates and 2,796 retail stores in 35 states.

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