A major strike at the American supermarket chain Stop & Shop is bothering it’s parent company Ahold Delhaize. More than 31,000 employees in the states of Massachusetts, Connecticut and Rhode Island resigned on Thursday. That is the biggest strike in the American shopping world in sixteen years.
On the contrary, Ahold Delhaize is trying to make the slow-moving chain profitable again. The 413 Stop & Shop stores in the Northeastern United States opened again with other staff on Friday.
According to the UFCW trade union, Stop & Shop wants to cut hard on both health insurance and pay. Stop & Shop says that it will have to lay down the increased health insurance costs with the staff in order to remain competitive. Furthermore, there is no longer any pension plan for new employees, just like higher wages on Sundays and some public holidays. Stop & Shop points out that the staff of many competitors is not part of a trade union.
Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is oliver.kjeldsen@economicinform.com
