Safeway has said that a four-year contract with 785 workers across 12 stores in the Greater Spokane area has been ratified.
The employees, belonging to the United Food and Commercial Workers Local 1439, ratified by a wide margin the tentative agreement reached between the company and the Local, a statement said.
No further details of the deal were made disclosed in the statement.
In February the US retailer posted a 12% increase in fourth-quarter net income, but results fell short of expectations.
Net income for the period reached US$338m, or 79 cents a share, up from $301.1m, or 68 cents a share, a year earlier.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataTotal sales increased 3.4% to $13.8bn in the fourth quarter of 2008 compared to $13.4bn in the same period of 2007. This increase was driven by the additional week in 2008 and identical-store sales increases, excluding fuel, of 0.4%, partly offset by a decrease in the Canadian exchange rate and lower fuel sales.