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A combined pension fund for new hires and current employees. A wage payment averaging about $500 in the first and third years of the contract (UFCW.org)". The employers won the following conditions for future employees they hire: Lower base salaries. Changed rate of pay for Sunday work from time and a half to time plus one dollar.
This list of largest pension funds in the United States involves two main groups: ... Tennessee Consolidated: $55,112 $48,330 95.9% 7.5% 21 Los Angeles County: $53,832
On October 11, 2003, the UFCW declared a strike on Vons (owned by Safeway Inc.), in Southern California, because of company-proposed changes to the new labor contract. These changes included cuts in health care and pension benefits, and the creation of a two-tier system in which new workers would be paid on a different schedule than existing ...
(Reuters) -Some United Food and Commercial Workers (UFCW) local unions on Friday urged Kroger's board to replace CEO Rodney McMullen following the company's announcement of a $7.5 billion stock ...
Earlier this month, UFCW workers at Stater Bros., a chain with 15,000 Southern California employees, also gained hefty increases of $4.50 over three years for top-line cashiers, clerks and meat ...
Kroger's $24.6-billion acquisition of Albertsons is the largest proposed supermarket merger in U.S. history. The FTC sues, alleging the deal is anti-competitive. ... The UFCW has about 180,000 ...
The retirement fund is a defined benefit type pension plan and was only partially funded by the government, with only $268.4 million in assets and $911 million in liabilities. The plan experienced low investment returns and a benefit structure that had been increased without raises in funding.
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