Albertsons 2014 Annual Report Download - page 14
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Employees
As of February 22, 2014, the Company had approximately 35,800 employees in its continuing operations.
Approximately 15,300 employees are covered by 51 collective bargaining agreements. During fiscal 2014, 20
collective bargaining agreements covering approximately 8,200 employees were renegotiated and two collective
bargaining agreements covering approximately 100 employees expired without their terms being renegotiated.
Negotiations are expected to continue with the bargaining units representing the employees subject to those
expired agreements. During fiscal 2015, 23 collective bargaining agreements covering approximately 11,800
employees will expire. The majority of employees covered by these expiring collective bargaining agreements
are located in Midwestern markets. The Company is focused on ensuring competitive cost structures in each
market in which it operates while meeting its employees’ needs for attractive wages and affordable healthcare
and retirement benefits. The Company believes that it has generally good relations with its employees and with
the labor unions that represent employees covered by collective bargaining agreements. Upon the expiration of
collective bargaining agreements with employees, work stoppages could occur if we are unable to negotiate new
contracts. A prolonged work stoppage at distribution centers or a significant number of stores may have a
material impact on the Company’s business, financial condition or results of operations.
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