Raley’s lays off 153 at its headquarters | TahoeDailyTribune.com

Raley’s lays off 153 at its headquarters

WEST SACRAMENTO, Calif. (AP) – Raley’s Supermarkets has laid off about one-fourth of the people who work at its West Sacramento headquarters.

The grocery chain said Friday as part of a cost-cutting move, it was letting 153 workers go.

In announcing the layoffs, CEO Michael Teel said the workers who lost their jobs Friday were put on a paid leave of absence for 60 days to comply with federal rules that require notifications in during large job cuts.

After the 60 days, laid off workers will be eligible for severance payments of one week of pay for each year of service, with a 26-week maximum.

Teel, who took over as CEO in January, also said he would take a 50 percent paycut.

Raley’s Supermarkets is a privately held chain that operates stores under the Raley’s, Bel Air Markets, Nob Hill Foods, and Food Source banners in Northern California and Nevada.

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