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Union rejects Kroger's King Soopers sweetened wage offer

(Reuters) -The union representing more than 8,700 King Soopers supermarket workers rejected the Kroger-owned Colorado chain's increased wage offer, setting the stage for a...
Union rejects Kroger's King Soopers sweetened wage offer © Reuters. FILE PHOTO: The Kroger supermarket chain's headquarters is shown in Cincinnati, Ohio, U.S., June 28, 2018. REUTERS/Lisa Baertlein/File Photo

(Reuters) -The union representing more than 8,700 King Soopers supermarket workers rejected the Kroger-owned Colorado chain's increased wage offer, setting the stage for a three-week strike starting Wednesday.

Earlier on Tuesday, King Soopers, the largest grocery store chain in Colorado, had sweetened a wage offer to workers of UFCW Local 7 to $170 million calling it their "last, best and final offer."

This came after the union rejected several previous offers, including a $148 million investment in wages and signing bonuses over three years, last week.

"The company's last, best, and final offer, in many ways, is worse than its previous offers," Kim Cordova, president of UFCW Local 7, said in a statement.

Cordova said the company's wage offer "still doesn't cut it" and retains many of its previously proposed concessions and adds new concessionary items.

The union is seeking an increase in wages of at least $6 per hour for all workers. However, the company's "last, best and final offer" proposed raises of up to $4.50 per hour based on job classification and tenure, which was the same as its previous proposal.

While many terms of the new offer remain the same, a full-time checker with five years of experience will now get an annual compensation of over $47,000, compared with nearly $46,000 in the previous offer, or an additional 50 cents per hour in 2022, the proposal showed.

"This offer not only puts more money in associates' pockets but if accepted, promises to bring stability to our associates and Coloradans who have endured enough uncertainty and disruption," the company said in a statement.

UFCW Local 7 said that it will be out on the picket lines at 5 AM MT on Wednesday.

Over 8,700 UFCW Local 7 workers from 78 King Soopers stores are expected to participate in the strike, Cordova had previously said in a press briefing.

King Soopers operates more than 100 stores in Colorado.

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16-01-2022 23:32:31 (UTC+7)

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 Gold1,819.35↑ Sell
 Silver23.027↑ Buy
 Copper4.4223↑ Sell
 Crude Oil WTI83.47↑ Sell
 Brent Oil86.09↑ Sell
 Natural Gas4.325↑ Sell
 US Coffee C239.65↑ Buy
 Euro Stoxx 504,272.19Buy
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 DAX15,883.24↑ Buy
 FTSE 1007,542.95Sell
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 IBEX 358,806.60↑ Buy
 BASF68.110Sell
 Bayer52.59↑ Sell
 Allianz227.00↑ Sell
 Adidas252.35Buy
 Lufthansa7.241↑ Buy
 Siemens AG145.86Neutral
 Deutsche Bank AG11.954Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,115/ 6,155
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SJC HCM6,110/ 6,170
(10/ 0) # 1,161
SJC Hanoi6,110/ 6,172
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SJC Danang6,110/ 6,172
(10/ 0) # 1,163
SJC Nhatrang6,110/ 6,172
(10/ 0) # 1,163
SJC Cantho6,110/ 6,172
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