Industry operators show interest in buying Dominick's
June 1, 2003
The United Food and Commercial Workers Union (UFCW) has contacted industry operators regarding a possible purchase of Dominick's in an effort to seek
The United Food and Commercial Workers Union (UFCW) has contacted industry operators regarding a possible purchase of Dominick's in an effort to seek to protect the wages, health benefits, and pensions of Dominick's workers.
Three major operators have owned regional and national food chains with the interest and financial ability to acquire and manage successfully the 113 Dominick's locations in Chicago IL and its suburbs. These parties are insisting on anonymity until and if Safeway officially puts its Dominick's stores on the market. The UFCW's goal is that employees and managers are retained after any acquisition.
In a Securities and Exchange Commission filing recently, Safeway said it may close the stores and sell the Dominick's chain if its union workers refused to accept rollbacks in wages as well as health and pension benefits.
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