business news in context, analysis with attitude

The Los Angeles Times reports that labor talks in Southern California have hit a healthcare roadblock.

According to the story, “On Wednesday, the region’s major grocery chains said they have presented the union representing 62,000 of their workers with an initial proposal for changes to their healthcare coverage -- a proposal the retailers call ‘reasonable’ and union officials describe as ‘gutting.’

“Albertsons, Ralphs and Vons declined to discuss the proposal in detail on Wednesday. But according to a statement from the three retailers, the health and welfare proposal offers their workers ‘an excellent healthcare plan that allows them to receive comprehensive coverage for themselves and their families.’ But officials of the United Food and Commercial Workers countered that the retailers are pushing to shift as much as 80% of the medical costs to the workers.”
KC's View: