MONTVALE - Thousands of New Jersey workers may soon be out of jobs following the announcement that 10 supermarkets in the state will be closing down.

The Great Atlantic & Pacific Tea Company, parent company for A&P and Pathmark, announced Monday that it has filed for bankruptcy and wants to sell 120 of its stores. The company also says it wants to close 25 other stores in order to pay its creditors and save jobs.

A&P stores in Holmdel and Cliffwood will be closing, along with eight Pathmark stores across the state.

The company says on its website that a vast majority of the stores will remain open and will continue to operate normally and be fully stocked.

Great Atlantic & Pacific Tea Company says it sold the 120 stores for approximately $600 million.

Stop & Shop is taking over 25 of the 120 stores. This includes three in New Jersey.