Thursday, October 8, 2015

Final A&P Auction Update

Today was the final day for the public auctions of the remaining A&P stores.  Only 15 stores were auctioned today, 14 were purchased and one was adjourned. Three stores represented by Local 1500 were auctioned and purchased today:  Pathmark 603 was bought by Foodtown. Pathmark 634 (previously reported as purchased by Bogopa Food Bazaar) was out-bid today and bought by a Real Estate Firm called Lee & Associates. Pathmark 611 was unfortunately purchased by Best Yet Markets. All auctioned stores, including the stores auctioned last week, are scheduled to be reviewed and finalized in bankruptcy court on Friday October 16th.

All remaining stores that have yet to be auctioned or those that have been adjourned are still available for sale to any buyer that contacts A&P or their real estate representatives before October 16th. 
A&P & its bankruptcy representatives have the exclusive right to open up the bidding for any store or group of stores at any time in the future in an effort to sell them before they close. 
 
We are still contacting and meeting with Union employers every day in an effort to find buyers for our remaining stores and keep as many of you working as we can.  Please review the chart below for a full updated list of our Pathmark stores.

For the members of Pathmark’s 623 and 663, we have confirmed that your severance will be paid within 30 days of the October 18th closing date.  Severance will be paid out in a lump sum payment. If you have any questions about your level of severance please contact your respective Union Representative: Pathmark # 663: Joe Waddy 516-214-1349, jwaddy@ufcw1500.org. Pathmark # 623: Joe Castelli, 516-214-1360, jcastelli@ufcw1500.org
 
For members in the balance of the stores that go unsold during the auction process, the judge hasn’t formally ruled on your level of severance yet, but we expect that decision to be made some time on or after October 16th.  All of the UFCW Local Unions and our bankruptcy professionals have been pushing the court aggressively to ensure that all members negatively impacted by this process get the same level of severance, regardless of when a store closes.  Please do not hesitate to reach out to your Union Representative with any questions you may have.
 
Resource Fairs:
 
This week we held our Nassau Resource Fair at our Union Office. Over 100 members attended and met with the Department of Labor, received resume writing tips and were interviewed by perspective employers. The next resource fair is Thursday, October 15th in Suffolk County at IBEW Local 25 in Hauppauge, RSVP hereWe strongly encourage all members to attend the Resource Fairs.
 
There will also be a Fair in New York City.  The New York City date is still tentative, once it is confirmed we will let you know. In the meantime you can visit www.ufcwmemberresources.com for more information.
 
Please do not hesitate to contact us for any questions, concerns or issues.
 
 
 
Thank you,
President
UFCW Local 1500
 
 
For all archived Pathmark updates, visit: www.ufcw1500.org/pathmarkupdates
 
 
 
 
—IMPORTANT A&P BANKRUPTCY DATES —
 

Friday, September 11th
The Bankruptcy Court will hear UFCW's objections to A&P’s KERP (corporate bonus plan).
Monday, September 28th (tentative)
Bid Deadline: All qualifying bids on the stores are due into the Bankruptcy Court.
The Bankruptcy Court will announce what Tier I stores have agreements to be sold and what stores will be sold at the auction on 10/1 & 10/2.
 
Thursday, October 1st and/or Friday, October 2nd
The auction for the remaining unsold and or closed stores will be held (depending on number of stores, dates could extend).

 
Friday, October 2nd (tentative)
Bidders can file objections to the sale of stores in the Bankruptcy Court. The UFCW can also file objections to bids made on the stores.
 
Friday, October 16th
A hearing will be held regarding the objections to the sales filed to the Bankruptcy Court. At this stage, the UFCW will have a voice during the auction process to make recommendations on bidders. For instance, if two companies place a comparable bid on the same store and one is a union employer, while the other is non-union, the unionized store would have an advantage and they should likely win the bid.
 
A hearing will be held on A&P's filing of a 1113(c).
 
Bid winners will be formally announced.
 
 
—UPCOMING UNION EVENTS —
 
 
Resource Fairs: You may have read that we will be hosting workshops and resource fairs for members displaced by the A&P bankruptcy in our September Newspaper.
 
There will be two other fairs in our area, one in Suffolk County on October 15th at IBEW Local 25 in Hauppauge, RSVP here. There will also be a Fair in New York City.  The New York City date is still tentative, once it is confirmed we will let you know. In the meantime you can visit www.ufcwmemberresources.com for more information.
 
Please do not hesitate to contact us for any questions, concerns or issues

1 comment:

Jennifer Lynn said...

Our Pathmark that was at 1256 Indian Head Road in Toms River New Jersey closed on October 18th. A guy that my Dad knows told my Dad that he heard Acme bought the store in a last minute deal and that they will be opening in January. I looked everywhere online and cannot find out if it is true or not. We are hoping that it is true because we won't have to go to other supermarkets which are a lot further away from us where as we only live 1 block away from where Pathmark used to be. Does anyone know if it is true that Acme is moving there or not? Please let me know and if you have any articles online about it please send it to me. I researched and can only find that Pathmark closed and no one is buying it but this guy said it was a last minute deal with Acme buying that Pathmark, so who knows. Thank you!

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