President John T. Niccollai
AN IMPORTANT MESSAGE FROM PRESIDENT JOHN T. NICCOLLAI - 9-11-2020
AN IMPORTANT MESSAGE FROM PRESIDENT JOHN T. NICCOLLAI
FRIDAY, SEPTEMBER 11, 2020
KINGS BANKRUPTCY UPDATE
President Niccollai reported that as recently as today, all Local Unions holding Kings Supermarket contracts have been in joint discussions with the Company and TLI (the prospective purchaser) regarding the bankruptcy filing and the sale of the Supermarket Chain.
The same issues relating to the rejection of the Union Contract and withdrawal from the Pension and Medical Plans still remain unresolved.
Our Bankruptcy Attorneys are preparing to present arguments before the Court on all issues related to the contract rejection and withdrawal from our Pension and Medical Plans. In the meantime, the parties will continue discussions with the hope of finding some common ground that could bring about resolution to our diametrically opposite positions.
We will continue to keep the Kings membership informed on any progress.
WORK SMARTLY – WORK SAFELY