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Shares of Supervalu (SVU -5.5%) slump with the grocery operator's labor turmoils now starting to...

Shares of Supervalu (SVU -5.5%) slump with the grocery operator's labor turmoils now starting to take center stage. A plan to sell off the company in pieces may look great on paper, but the 42% of Supervalu's workers who are in the middle of a collective bargaining process for new contracts muddy the water a bit.
Comments (3)
  • and what leverage do these folks have? More reason to file bankruptcy?
    4 Sep 2012, 11:09 AM Reply Like
  • Paid bashers article paid for by one of the interested parties IMHOP
    4 Sep 2012, 01:01 PM Reply Like
  • My oldest son started as a courtesy clerk at Lucky's, and he was there during the Albertson transition. Lucky employees were all hyper-union whiners who stole everything that wasn't nailed down, and nothing has changed. I once stoof in a checkstand while a union steward came through, and both checkers in both lines actived like the customers didn't exist. Customer Service at Albertson's is mean old bags with at least 20 years apiece, treating customers as a rule with utter scorn - when I go into a Ralphs (best) or Vons (next) the attitude is completely different.

     

    The Supervalu deal was a disaster from the beginning - all SVU did, was raise prices and brag to the stock analysts so the stock went up. That didn't work for long, and then they decided - no returns without a receipt. That didn't last long either.

     

    With Cerberus paying $17b for Albertsons to get 1,100 +/- stores, someone can come along now, and buy the whole shebang for a rounding error of that amount. It's probably now a real estate ploy, like Eddie Lambert and Sears.
    5 Sep 2012, 12:53 AM Reply Like
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