BOISE, Idaho -- Albertsons here plans to reinvest savings from the newly ratified Southern California contract into lower pricing and aggressive promotions "to get loyal customers back, acquire new customers, and build a defensible position against new market entrants," Larry Johnston, chairman, president and chief executive officer, said last week. One of the supermarkets' gains in the new contract was the creation of a two-tier payscale in which current, or Tier 1, employees, receive a ...

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