NEWS WATCH: REPORTS: FARMER JACK EMPLOYEES APPROVE 5% PAY CUT...AHOLD IN DISCUSSIONS ON SALE OF ARGENTINEAN CHAIN

REPORTS: FARMER JACK EMPLOYEES APPROVE 5% PAY CUTion of A&P, Montvale, N.J., have ratified a new labor contract that will reduce wages by 5%, according to reports. The cuts, which affect nearly 10,000 workers at the 106-unit chain, are to be restored in 2005, with another 5% increase set for 2006 and a 25-cents-per-hour raise in the first six months of 2007. A spokeswoman for United Food & Commercial

REPORTS: FARMER JACK EMPLOYEES APPROVE 5% PAY CUT

ion of A&P, Montvale, N.J., have ratified a new labor contract that will reduce wages by 5%, according to reports. The cuts, which affect nearly 10,000 workers at the 106-unit chain, are to be restored in 2005, with another 5% increase set for 2006 and a 25-cents-per-hour raise in the first six months of 2007. A spokeswoman for United Food & Commercial Workers Local 876, Dearborn Heights, Mich., could not be reached for co

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