Monday, December 13, 2010

A Message from President Both

A&P's logo, introduced in the 1980s, and one o...Image via WikipediaDecember 13, 2010

To: Local 1500 Members Employed by Pathmark
From: Bruce W. Both, President
Subject: Pathmark Bankruptcy

The Great Atlantic and Pacific Tea Company, Inc. announced on Sunday, December 12, 2010 that it filed a voluntary petition under Chapter 11 with the U.S. Bankruptcy Court.
A&P has secured an $800 million debtor-in-possession loan from JP Morgan Chase in order to keep operating.

Pathmark, which is part of A&P, will continue to conduct business as usual.

Further information will be forthcoming.

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