Arden Group, Inc. Announces Developments on Gelson's Union Contract.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--March 15, 2004 Arden Group, Inc. (Nasdaq:ARDNA), the parent company of Gelson's Markets, announced that on Friday, March 12, 2004, Gelson's employees who are members of the United Food and Commercial Workers The United Food and Commercial Workers International Union is a labor union representing approximately 1.4 million workers in the United States and Canada in many industries, including agriculture, health care, meatpacking, poultry and food processing, manufacturing, textile and voted not to approve a new union contract identical in terms to the contract that had earlier been ratified rat·i·fy tr.v. rat·i·fied, rat·i·fy·ing, rat·i·fies To approve and give formal sanction to; confirm. See Synonyms at approve. by union employees at the Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, Vons, Ralphs and Albertsons stores. The eligible employees who voted against the new contract represented more than a majority of those who voted; however, those voting against the new contract represent only about 36% of Gelson's union employees eligible to vote. Prior to the labor dispute that had lasted from October 11, 2003 to February 29, 2004, Gelson's had agreed with the union to continue operating under a contract extension and to agree to be bound by all modifications regarding Trust Funds and Hourly Wage Rates as negotiated between the UFCW UFCW United Food and Commercial Workers and Vons, Ralphs and Albertsons. The unions and Gelson's are in discussions about the situation. Gelson's continues to operate its 18 supermarkets in Southern California as usual, with the active services of its union workers. This press release contains forwarding-looking statements that involve risks and uncertainties and are subject to change based on various factors. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. reflect the Company's current expectations based on the information currently available to the Company, and changes in that information may affect the Company's expectations. Arden Group, Inc. is the parent company of Gelson's Markets which operates 18 supermarkets in Southern California. |
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