EG America lays off 90 corporate employees
The company has terminated the contracts of staff members dedicated to store support.
EG America terminated the contracts of 90 employees as it seeks to strengthen its long-term market position.
The company has laid off some of its dedicated store support staff after selling part of its retail portfolio through 2023. As reported by C-Store Dive, these layoffs include corporate staff and are not related to store employees.
Although no financial reason has been cited in connection with these layoffs, parent company EG Group's $5.7 billion in debt could be related to this decision. The British retailer recently sold nearly all of its convenience store and forecourt business in the U.K. and Ireland to Asda for $2.5 billion.
EG America is currently working with the laid-off employees to offer them transitional support, which involves priority consideration for open positions in other areas of the company.
The retailer is coming off a year of restructuring, after selling 89 Minit Mart stores to Casey's General Stores and agreeing to a $1.5 billion sale-and-leaseback deal for more than 400 U.S. locations. In addition, it appointed John Carey as its new CEO and President, charged with driving EG America's repositioning strategy.
