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...
Cerberus Capital Management, the private equity firm that owns Albertsons/Safeway, is still proposing to abandon Safeway’s promise to secure the pension benefits of 29,000 current retirees and another 30,000 future retirees. And while Giant has indicated a willingness...
We have been negotiating our new contracts at Giant & Safeway for nearly two months. A major part of these negotiations is securing our retirement. We have all worked hard to make these companies the top two grocers in the region. Unfortunately, Cerberus Capital...
Report Finds Cerberus Tries to Make Employees Pay for High Debt Load 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...
After six weeks of negotiations, today we agreed to an extension of our current agreement and a short “cooling off” period recommended by the federal mediator. While we have have made some progress, we are still far apart on many key issues. The extension agreements...
We are approaching the expiration date of our current contracts at Giant & Safeway on Saturday, October 26 and talks have been very difficult. Given the unusual complexity of our negotiations, particularly around securing our pension benefits, we have called in a...
