Union Negotiations Slow: Safeway

PLEASANTON, Calif. The three by seven negotiating process between local labor unions and the big three Southern California supermarket operators may result in new contracts being reached well after the current deals expire on March 5, according to Steve Burd, president and chief executive officer of Safeway here. I don't think you should look at March 5 as any kind of magical date, Burd told analysts

PLEASANTON, Calif. — The “three by seven” negotiating process between local labor unions and the big three Southern California supermarket operators may result in new contracts being reached well after the current deals expire on March 5, according to Steve Burd, president and chief executive officer of Safeway here.

“I don't think you should look at March 5 as any kind of magical date,” Burd told analysts in a conference call reviewing quarterly financial results last week.

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