Giant Food is striving to be the best employer it can be, recently investing $800 million to launch a pension security agreement. In partnership with the United Food & Commercial Workers (UFCW) Locals 400 and 27, the agreement was ratified on March 5, 2020, and has now been completely implemented.
"We're pleased that this agreement has now been implemented. By making this significant investment to help stabilize and secure pensions for our associates, we feel that we are doing the right thing for our employees who are dedicated to serving our customers day in and day out," said Ira Kress, President.
As part of the implementation of the pension security agreement, the following actions will occur:
According to a press release, the agreement covers approximately 18,000 current Giant Food associates who are members of UFCW Locals 400 and 27.
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