The Associated Press reports that about 1,000 representatives of the United Food and Commercial Workers (UFCW) union - which is in the middle of a rancorous four-month-old strike/lockout of Southern California's three largest supermarket chains - marched on Wall Street and the New York Stock Exchange yesterday.
The goal was to urge the investor community to turn on Safeway, Kroger, and Albertsons, the three publicly traded chains that rejected a call from the union on Wednesday for binding arbitration that would send more than 70,000 employees back to work. The chains said they would return to the bargaining table, but said they would not go to binding arbitration.
The labor strife is over compensation and health care benefits issues.
The goal was to urge the investor community to turn on Safeway, Kroger, and Albertsons, the three publicly traded chains that rejected a call from the union on Wednesday for binding arbitration that would send more than 70,000 employees back to work. The chains said they would return to the bargaining table, but said they would not go to binding arbitration.
The labor strife is over compensation and health care benefits issues.
- KC's View:
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Someone wrote us the other day that management at the three chains view any money lost during the strike - and estimates now are that losses for the companies are over $1 billion - are looked upon as an investment in the future.
The question is, what else is being lost during this protracted strike?
