LidL has announced it is cutting $20 million in U.”s grocery stores by the end of 2020, following the loss of nearly 2,000 jobs at its Minneapolis location last year.
The company said it would seek a second round of layoffs at the Minneapolis location.
The Minneapolis store closed on Dec. 16, 2016, citing a decline in business.
The layoffs were expected to take place in March, according to the Minneapolis Star Tribune.
The news comes a few months after Lidlr announced that it would close its Minneapolis store, which was the third-largest grocery store in the United States and the largest in the nation.
In its announcement, Lidls chief executive officer and co-founder, Tim Jorgensen, said the company was closing stores because it had to. “
As we enter the second year of a three-year restructuring plan, we have made significant improvements in our operations and the ability to compete in the marketplace, and we are focused on re-entering the marketplace in a manner that will allow us to deliver the best value to our customers,” the company said in a statement.
In its announcement, Lidls chief executive officer and co-founder, Tim Jorgensen, said the company was closing stores because it had to.
Jorgensen said Lidll was forced to make some “momentous decisions” at the store that resulted in more layoffs.
Lidlis annual sales fell 9% to $12.3 billion in 2019, the company announced.