MONTVALE, N.J. — Negotiations are scheduled through the weekend as A&P and its union workers race to reach some $125 million in annual savings underpinning the retailer’s potential buyout from bankruptcy. As previously reported in SN, a hearing on Yucaipa Cos.’ proposed $490 million buyout of A&P is scheduled Monday at U.S. Bankruptcy Court in White Plains, N.Y. Union sources said they would fight to save jobs and wages but must also be prepared for the possibility their contracts ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.