Cerberus Capital Management, the private equity firm that owns Albertsons/Safeway, is trying to abandon Safeway’s promise to secure our pension benefits. Without this promise, current and future retirees may see significant cuts to their pension benefits, or lose them all together.
With 29,000 current retirees and another 30,000 future retirees at risk of losing their pension benefits, we are going to do everything we can to protect our retirement security.
Safeway, and its private equity owner Cerberus Capital Management, are profitable. It’s just plain wrong to take benefits away from retirees who spent their careers working hard to make these companies successful.
Join us to take action at Safeway to protect our retirement! We’re hosting actions all week:
Wednesday, November 13
4:00 p.m. – 6:00 p.m. @ Safeway 1689, 413 Elden St, Herndon, VA 20170
4:00 p.m. – 6:00 p.m. @ Safeway 2912, 1855 Wisconsin Ave NW, Washington, DC 20007
Thursday, November 14
4:00 p.m. – 6:00 p.m. @ Safeway 4002, 5727 Burke Centre Pkwy, Burke, VA 22015
4:00 p.m. – 6:00 p.m. @ Safeway 945, 10104 River Rd, Potomac, MD 20854
Friday, November 15
4:00 p.m. – 6:00 p.m. @ Safeway 1588, 7414 Little River Turnpike, Annandale, VA 22003
4:00 p.m. – 6:00 p.m. @ Safeway 4832, 5545 Connecticut Ave NW, Washington, DC 20015
Saturday, November 16
10:00 a.m. – 12:00 p.m. Noon @ Safeway 2753, 10541 Connecticut Ave, Kensington, MD 20895
10:00 a.m. – 12:00 p.m. Noon @ Safeway 2616, 3043 Nutley St, Fairfax, VA 22031
Private Equity Greed Threatens Safeway Workers’ Retirement
Cerberus Capital Management, the private equity firm that owns Albertsons-Safeway, is trying to make workers in the Washington, D.C. and Baltimore areas pay the price for their high, unsustainable debt load and corporate greed, according to a new report by the Private Equity Stakeholder Project and UFCW Local 400.