UPDATE: Shaw’s Laying Off Estimated 700 Employees 

Officials with Shaw’s Supermarket won’t say how many Mainers are losing their jobs, but will say approximately 700 store-level jobs in New England are being eliminated. Shaw’s spokesman, Steve Sylven, tells TV 5 all impacted employees should be notified by Saturday and their jobs will end immediately. The reductions will happen across 169 Shaw’s and Star Market stores in New England. ” A decision of this natures is never easy, but after careful evaluation, it is unfortunately the necessary step for us to take to help improve our business, reduce expenses and reinvest in more customer-facing initiatives,” said Mike Stigers, president of Shaw’s. ” As we continue to look at the best ways to achieve success, we recognized an opportunity to align our workforce to more effectively serve the marketplace by scheduling team members more appropriately to serve customers at the times they shop. These changes will help us to compete more effectively in a rapidly changing marketplace.”