Arden Group Announces Union Health and Welfare Increase.Business Editors LOS ANGELES--(BUSINESS WIRE)--Aug. 23, 2002 Arden Group, Inc.'s (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ARDNA) subsidiary, Gelson's Markets, has been informed by the multi-employer 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, United Food & Commercial Workers Unions and Food Employers Joint Trust Funds that monthly health and welfare contributions for retail clerks and meat cutters A Retail Meat Cutter prepares primal cuts into a variety of smaller cuts intended for sale in a retail environment. The duties of a Meat Cutter are related to that of a Butcher. will increase commencing with straight time hours worked in August 2002, payable in September 2002. The Company anticipates incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. monthly expense of approximately $100,000 as a result of this increase, which commences to accrue in August 2002. Arden Group, Inc. is the parent company of Gelson's Markets which operates 16 Gelson's and two Mayfair supermarkets in Southern California. This press release contains 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. that involve risks and uncertainties and are subject to change based on various factors that could cause the results to differ materially from those expressed in the statement, including the number of hours worked by the union employees and any further changes in the required rate of contribution. |
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