November 4, 2011
Attention all UFCW/RWDSU Members Working at A&P or Subsidiary Company:
A&P has filed a motion in the Bankruptcy Court asking approval to enter into agreements with Yucaipa and certain note holders. Those agreements would form the basis of a plan of reorganization and an investment in A&P of $490 million by Yucaipa and those note holders. This investment is conditioned on obtaining concessionary labor agreements on a very fast time frame. The Motion is scheduled to be heard by the Bankruptcy Court on November 14, 2011.
The UFCW and UFCW Local Unions will be meeting on Monday, November 7, 2011, with Ron Burkle of Yucaipa, one of the investors in this proposed transaction. We are pleased, given his past experience in the grocery business, that he will be involved in this proposed transaction. The Monday meeting will review these investment proposals and the path forward to try to reach new labor agreements.
We will further communicate with you following the meeting with Ron Burkle and advise you of our progress.
UFCW A&P Negotiating Committee
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