SuperValu (NYSE:SVU) announced plans to reduce its national workforce by an estimated 800 positions. A majority of these reductions will take place by the close of the company’s fiscal year on February 25.The reductions include both current positions and open jobs that will not be filled. The announcement affects all company offices and crosses most departments within the organization. In general, store level associates are not affected by this announcement.SUPERVALU (NYSE:SVU) has potential upside of 12.5% based on a current price of $6.92 and an average consensus analyst price target of $7.79.