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The Associated Press reports that Delhaize-owned Hannaford Bros. is engaged in a corporate restructuring designed to cut costs at the Maine-based company, and is offering voluntary severance packages to corporate employees as a first step.

The company said that there will be no cuts in store, trucking and distribution personnel.

KC's View:
The new reality. There will be a lot of these stories in coming months.

Better to get there early than late. If you don't do it on your own terms, you end up in front of the US Congress begging for a bailout.

I’ve always said that Delhaize and its US companies have some of the best chain store leadership in the country…so it doesn’t surprise me that Hannaford is making moves before it finds itself in a corner.