Cerberus Capital Management, the private equity firm that owns Albertsons/Safeway, is still proposing to abandon Safeway’s promise to secure the pension benefits of 29,000 current retirees and another 30,000 future retirees, reports UFCW Local 400. "And while Giant has indicated a willingness to work with us to keep its promise to our retirees, there is a still a long way to go to get a fair deal that meets our goals."
In response, hundreds of Giant & Safeway shop stewards and members of the Contract Action Team held protests at three Safeway stores last Thursday to put pressure on the company to keep its promise to provide a secure retirement.
"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." This week, the union will announce a new series of actions "to put pressure on Safeway to do the right thing. We need everyone to stay united and get involved while negotiations continue."
In response, hundreds of Giant & Safeway shop stewards and members of the Contract Action Team held protests at three Safeway stores last Thursday to put pressure on the company to keep its promise to provide a secure retirement.
"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." This week, the union will announce a new series of actions "to put pressure on Safeway to do the right thing. We need everyone to stay united and get involved while negotiations continue."
