Kroger and Union Local in Tentative Agreement
Memphis, Tenn. The Kroger Co. announced Thursday it has reached a tentative agreement on a new contract with the United Food & Commercial Workers Union Local 1529 in Memphis, Tenn.
The tentative agreement covers over 7,500 Kroger associates who work in 72 stores in Memphis and parts of Arkansas, Kentucky, Mississippi and Tennessee.
Sears Cuts 200 HQ Jobs
Hoffman Estates, Ill. Sears Holdings Corp., which owns the Kmart and Sears retail chains, has announced it is cutting about 200 headquarters jobs as chairman Edward Lampert tries to bring its overhead costs in line with falling sales.
The 200 jobs, which are in support functions, represent about 4% of Sears’ 5,000 headquarters employees, said Sears spokesman Chris Brathwaite. He declined to be more specific.
The retailer notified employees of the pending cuts in a memo Tuesday from interim CEO W. Bruce Johnson.
The job cuts come as Lampert looks for a way to turn around the company created when he engineered Kmart Holding Corp.’s purchase of Sears, Roebuck and Co. in 2005. Late last month, Sears unveiled a restructuring that divides the company into a five independently run businesses.
Support is one of the five business areas being created under the new structure. While Brathwaite declined to disclose the support functions targeted in the cuts, Sears described the new support unit as housing such functions as marketing, store operations, customer strategy and finance.
Former President Returns to Quiksilver
Huntington Beach, Calif. Robert McKnight has resumed his role as president of Quiksilver, and will remain both chairman of the board and CEO.
McKnight will be responsible for directing the company’s strategic and operational initiatives, including renewing its focus on its Quiksilver, Roxy and DC core apparel and footwear brands.
Bernard Mariette has resigned from his position as president and as a director of the company in order to pursue other interests, which may include attempting to acquire the Rossignol group.