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UFCW LOCAL 876 IN DETROIT RATIFIES NEW LABOR AGREEMENT WITH KROGER
CINCINNATI, Ohio, June 8, 2007 – The Kroger Co. (NYSE: KR) today said that it has been informed by UFCW Local Union 876 in Detroit, Michigan that their membership has ratified the new contract agreement with Kroger. The vote occurred on June 7th, and was effective immediately.
The three-year contract covers over 10,000 Kroger associates at 101 stores in the Detroit metropolitan area.
The new contract provides wage increases and affordable quality health care benefits with modest employee contributions.
“This is a fair and equitable agreement that provides a good total compensation package for our associates and helps to make Kroger more competitive in the marketplace,” said Bruce Macaulay, president of Kroger’s Great Lakes Division, which includes Kroger stores in Michigan. “This agreement is an excellent example of positive results that can be achieved at the bargaining table when both parties stay focused and work cooperatively.”
Headquartered in Cincinnati, Ohio, Kroger is one of the nation’s largest retail grocery chains. In 2006, the Company donated $150 million to help hunger relief efforts across the country, raise awareness of breast cancer, and support local schools and organizations in the communities it serves. At the end of fiscal 2006, the Company operated (either directly or through its subsidiaries) 2,468 supermarkets and multi-department stores in 31 states under two dozen local banners including Kroger and Kroger Marketplace, Ralphs, Fred Meyer, Food 4 Less, King Soopers, Smith’s and Smith’s Marketplace, Fry’s and Fry’s Marketplace, Dillons, QFC and City Market. Kroger also operated (either directly or through subsidiaries, franchise agreements, or operating agreements) 779 convenience stores, 412 fine jewelry stores, 631 supermarket fuel centers and 42 food processing plants. For more information about Kroger, please visit our web site at www.kroger.com.
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Kroger Contacts:
Media: Dale Hollandsworth: (614) 898-3231
Investors: Carin Fike (513) 762-4969 |
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