Thu, Oct 23, 2014, 2:59 PM EDT - U.S. Markets close in 1 hr 1 min


% | $
Quotes you view appear here for quick access.

Safeway Inc. Message Board

  • bluecheese4u bluecheese4u May 11, 2012 9:17 AM Flag

    Save Mart sees progress in talks, extends contract

    Save Mart sees progress in talks, extends contract

    Published: Friday, May. 11, 2012 - 12:00 am | Page 2B

    Save Mart officials said Thursday they have made progress in contract talks with labor unions, and have extended the existing contract to May 19. The contract, covering employees of Save Mart, Lucky and S-Mart Foods stores in Northern California, had been set to expire at midnight Wednesday.

    Grocery officials say the company faces increasing competition from nonunion stores, has taken a hit in the recession, and is dealing with high health and welfare costs.

    Save Mart spokeswoman Alicia Rockwell said Thursday that talks with the United Food and Commercial Workers are aimed at keeping the company competitive and maintaining job stability.

    "We felt there was enough progress made to warrant an extension till May 19," she said.

34.12+0.06(+0.18%)2:59 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.