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.