retail news in context, analysis with attitude

The Denver Business Journal reports that employees at Safeway and King Soopers will begin voting on the companies’ latest – and, they say, last - contract proposals this Saturday, with the United Food and Commercial Workers (UFCW) saying that they could go on strike as soon as October 6 if the proposals are rejected.

According to the story, the contract proposals “would decrease from two years to one year the amount of time that part-time workers would have to wait to get family members insured and would add a new preventive care component to the health plan. But there is no guarantee written into the deal that premiums would not increase and benefits would not decrease, union officials argued.

“Possibly the biggest point of difference is a change in pension plans that would allow workers to retire no earlier than age 55 instead of letting them leave when their age and years of service combine to reach 80.”
KC's View: