Thursday, October 30, 2014

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Popular Supermarket Chain Files For Bankruptcy

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A recent bankruptcy announcement by a major supermarket chain in the five boroughs has both employees and shoppers concerned. NY1's Dean Meminger filed the following report.

As people hit area supermarkets to do their holiday food shopping, some are wondering if the same stores will be around next year. A&P, which owns Pathmark, Waldbaum's and Food Emporium, filed for chapter 11 bankruptcy protection earlier this month.

The company has more than 6,500 workers in 58 stores in the five boroughs.

"Our average full timer makes about $11.25 and they go as high as $25, $28 an hour. Our department manager can make $50,000 to $60,000 a year so you can support a family," said Tony Speelman of United Food and Commercial Workers Union Local 1500.

In an effort to save those jobs and stores, the union that represents supermarket workers met with Mayor Michael Bloomberg and his economic team on Tuesday.

"The ability to have the mayor, have his economic team work with us to see what can be done in itself is very, very helpful. We came here looking for a commitment to help, and they gave that commitment to help," said Patrick Purcell of United Food and Commercial Workers Union Local 1500.

Some shoppers say they have been going to their local supermarkets for years and are concerned.

"We shop here often, it is convenient, they have good sales, so we hope that it doesn't close," said one shopper in the Bronx.

"I'm glad that you are here so that we know so we can fight with our community so that it doesn't happen to any of us,' said another.

A&P says it has entered into a $800 million financing plan with Chase bank which it hopes will turn the company around. It says customers can continue to shop at its chains while expecting the same value and quality.

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