Now we are preparing to escalate our pressure on the company to negotiate a fair deal. We will not allow Safeway to abandon its commitment to retirees.
Cerberus Capital Management, the private equity firm that owns Albertsons/Safeway, is trying to abandon Safeway’s promise to secure our pension benefits. Without this promise, current and future retirees may see significant cuts to their pension benefits, or lose them all together.
Cerberus Capital Management, the private equity firm that owns Albertsons-Safeway, is trying to make workers in the Washington, D.C. and Baltimore areas pay the price for their high, unsustainable debt load and corporate greed, according to a new report by the Private Equity Stakeholder Project and UFCW Local 400.
As a member of UFCW Local 400, you can enjoy special discount tickets to the annual Six Flags Holiday In The Park.
After six weeks of negotiations, today we agreed to an extension of our current agreement and a short “cooling off” period recommended by the federal mediator.
While our intention is to reach a fair contract before our current contract expires, we will not be rushed into a bad deal.
With our contracts at Giant and Safeway expiring in only nine days, and after 20 days of negotiations, we remain far apart on nearly every single issue.
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