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Collective Bargaining Agreement

Collective Bargaining Agreement

Collective Bargaining Agreement | Document Parties: Ralphs Grocery Co | Santee Dairies, Inc | Stater Bros Holdings Inc | Vons Companies Inc | Albertsons Inc You are currently viewing:
This Collective Bargaining Agreement involves

Ralphs Grocery Co | Santee Dairies, Inc | Stater Bros Holdings Inc | Vons Companies Inc | Albertsons Inc

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Title: Collective Bargaining Agreement
Date: 4/3/2007

Collective Bargaining Agreement, Parties: ralphs grocery co , santee dairies  inc , stater bros holdings inc , vons companies inc , albertsons inc
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Exhibit 99.2

OTHER INFORMATION

New Collective Bargaining Agreements

Stater Bros. Markets (“Markets”), a wholly-owned subsidiary of Stater Bros. Holdings Inc. (“Stater Bros.”), has entered into a new collective bargaining agreement with the United Food and Commercial Workers Union (the “UFCW”), which represents a substantial number of its stores’ hourly union employees. The new collective bargaining agreement became effective in March 2007 and is scheduled to expire in March 2010. The UFCW members voted to accept the new collective bargaining agreement on January 17, 2007. The new collective bargaining agreement establishes a single-tier pay scale for Markets’ employees based on each employee’s seniority and provides for gradual increases in hourly wages over a three-year period. These scheduled increases range from a $0.20 increase in hourly wages for clerks to a $3.00 increase in hourly wages for pharmacists. The new collective bargaining agreement also provides for increased contributions by Markets toward employee health and pension benefits but, at Markets’ option, it will reduce these contributions to match any contract terms relating to benefits negotiated between the UFCW and each of Stater Bros.’ three major competitors, Vons Companies Inc., Albertsons Inc., and Ralphs Grocery Co., which have not yet completed negotiating new collective bargaining agreements with the UFCW. The financial terms of the collective bargaining agreements with respect to matters other than benefits negotiated with each chain may be significantly different from each other and could create either a financial advantage or disadvantage for Stater Bros. as compared to its major


 
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