Kroger Trying to Avoid Strike
Cincinnati, After workers in central Ohio voted yesterday to authorize a strike, Kroger Co. is working to negotiate terms.
The workers are currently under a temporary contract extension and have agreed to give at least 10 days of notice before walking off the job. The workers’ contract expired at midnight on Saturday.
Kroger is attempting to get the workers to pay part of their healthcare costs. The workers currently have no co-payments for their health insurance.
A&P CFO Resigns
Montvale, N.J., Great Atlantic & Pacific Tea Co., which operates A&P Groceries, announced that CFO Mitchell P. Goldstein stepped down today. He will be replaced by corporate controller Brenda Galgano.
Goldstein is said by A&P to be leaving to pursue other opportunities.
A&P has been struggling for the last year, but just last month posted a quarterly profit.
Wal-Mart Releases Statement to Refute Video
Bentonville, Ark., The following excerpt is from a statement released by Wal-Mart Stores today in response to the documentary “Wal-Mart: The High Cost of Low Price,” launched today in New York City and Los Angeles and slated to be shown in 3,000 private screenings nationwide.
Regarding the documentary produced by Robert Greenwald that portrays Wal-Mart as a behemoth that destroys small towns and pays poverty-level wages, Wal-Mart said, “The 138 million people who shop at our stores every week speak volumes more about Wal-Mart than any special interest video. In fact, last month, our loyal customers spoke very loudly. Wal-Mart just enjoyed its best October ever—and our best Halloween ever.”
The statement went on to say, “No matter how much Robert Greenwald talks to the special interests, he just won’t change the personal experiences that our customers, our associates and the American people have with our company.”