Raley’s to open books for outside analysis
By Dale Kasler, Sacramento Bee
Raley’s has agreed to open its books to an outside auditor in an effort to convince its labor union that it needs contract concessions.
The United Food and Commercial Workers said it insisted on the “independent review” as contract talks stretch into their eighth month. UFCW Locals 8 and 5, covering thousands of workers in Northern California, agreed early today to extend their contract with Raley’s to next Friday.
Raley’s consented to the outside financial review several hours after Save Mart made the same agreement, according to the UFCW. Both grocery chains are privately held and normally don’t share any financial information. The third chain negotiating with the UFCW in Northern California, Safeway, is a public company.
I hope Raley’s new gas station at the Y puts the other gas station owners out of business by lowering to Costco level pricing. The other stations have been manipulating prices in SLT for years. $4.29 here – $4.29 there. $4.10 here – $4.10 over there. Hopefully they go the way of Wolfgang’s!