We have been negotiating our new contracts at Giant & Safeway for nearly two months. A major part of these negotiations is securing our retirement. We have all worked hard to make these companies the top two grocers in the region.
Unfortunately, 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.
We are going to do everything we can to protect our retirement security. Safeway, and its private equity owner Cerberus Capital Management, are profitable. It’s just plain wrong to take benefits away from retirees who spent their careers working hard to make these companies successful.
Now we need to take action to make Safeway live up to their promise. Join us on Thursday, November 7th:
WHAT: Protest rally
WHERE: Safeway, 490 L Street NW, Washington, DC 20011
WHEN: 11:00 a.m. – Noon, Thursday, November 7, 2019