Executives with Supervalu say they intend to cut about 80 jobs in its Boise offices as the grocer moves to outsource some of its finance services.

Officials say the cuts are designed to make the national grocery chain more efficient, help reduce costs and become competitive. The company also announced the loss of about 40 positions from its headquarters in Minnesota.

Supervalu chains include Cub Foods, Save-A-Lot, Jewel-Osco, and Shop ‘n Save. The company also bought most of the Albertsons stores in 2006.

The transition is expected to take about 12 to 18 months.

(AP)