Rite Aid workers OK new contract
June 23, 2008
• Deal details not revealed
• ‘A milestone in the retail drug industry’
A new three-year labor contract has been approved covering more than 4,300 workers at Rite Aid Corp. drug stores in the northern two-thirds of California.
The workers are members of three locals of the United Food and Commercial Workers union and work at Rite Aid stores from Fresno County north to the Oregon border.
While the vote ratifying the agreement was not detailed, the union says it was approved “overwhelmingly.”
UFCW Local 8 President Jacques Loveall, UFCW Local 5 President Ron Lind and UFCW Local 101 President Mike Borstel call the contract “a milestone in the retail drug industry.”
“In an age when workers across the nation are seeing their wages frozen and their health plans cut — or even eliminated altogether — this agreement gives all of our Rite Aid members wage increases or bonuses and improved health coverage,” the UFCW presidents said in a joint written statement.
The uion did not reveal the size of wage increases or other details of the agreement.
Rite Aid Corp. (NYSE: RAD) of Camp Hill, Pa., has had no comment on the agreement. The company operates more than 5,000 stores in 31 states. It had fiscal 2008 revenues of $24.3 billion.