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Farm Fresh to Lay off 1,000+ Employees

March 27th, 2018 | Leave a comment.

VIRGINIA BEACH, VA – After recently divesting 21 of its stores, Farm Fresh is restructuring its workforce, with some sources reporting that the chain is laying off 1,000 of its employees, or about one-third of Farm Fresh’s current employee count.

On March 14th 2018, it was revealed that parent company, SuperValu, would be selling 21 stores to rival grocers Kroger and Food Lion in an attempt to exit the retail grocery business and satisfy shareholders.

Source – And Now You Know and Wikipedia

There is not enough data on Farm Fresh Foods and Pharmacy or SuperValu for a Brightscope rating.

What you need to know!

Most 401k, Profit Sharing or ESOP plans do not have active management so there is really no one specifically guiding the plan investments. What this means is that like most traditional investment companies, in the event of a severe downturn the investment advisors have no method for moving to a lower risk profile automatically.

This has been a severe problem for retirees for years!

With the WealthSentry system we participate in, retiree’s accounts are automatically re-balanced to lower risk portfolios in the event of a potential severe downturn. Learn more in our guide, 6 Critical Steps You Must Take Now.

For an in-depth analysis of your options feel free to make an appointment, read one of our guides or participate in one of our workshops.

Wishing you the best.

Doug Reed, CRPC, AAMS

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