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Stock impact report

Potential strike averted as Food4less workers reach tentative labor agreement [CBS News]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: CBS News
Earlier in June, United Food and Commercial Workers Local union leaders after their previous contract expired without a new agreement in place. Workers overwhelmingly voted to authorize the strike, which prompted officials with The Kroger Co., which owns Food4less and other popular supermarket chains, to reinitiate negotiations with union leaders of UFCW Locals 8GS, 324, 770, 1167, 1428 and 1442. "We are proud to announce a tentative agreement with Food 4Less/Foods Co. that we unanimously recommend to our co-workers," the union Bargaining Committee said in a statement. "We are grateful for the solidarity and strength our co-workers have shown throughout negotiations as well as the overwhelming support we have received from our customers and community members. We could not have achieved this deal without them." Terms of the new contract have not yet been released, but union reps say that they were actively seeking higher pay and safety improvements for the more than 6,000 member Show less Read more
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