Loss Prevention staff will be reduced and streamlined to increase efficiencies across the enterprise. Various synergies will be employed so that newly aligned field management will assume the auditing function that is currently and solely the domain of the existing Regional L.P. Advisor Team. This will allow the reductions in the loss prevention team thoughout the organization. The new structure will have Asset Protection Members in various roles of Auditor and investigator. They will be paid less than those currently in the role of Loss Prevention Advisors and they will report to an Area Asset Protection Manager. There will be two auditors/investigators per region who report to the APM.
Sadly, being an LP Advisor or a District Manager at CVS this Christmas will be a dreary prospect.
Conversely, the moves will streamline the CVS field team and realize a sizable cost which will help the enterprise acquire Aetna and become lean and mean in order to stave off future rivals such as Amazon.