Fairway Bankruptcy Update from President John T. Niccollai

MESSAGE FROM PRESIDENT JOHN T. NICCOLLAI
MAY 4, 2016
FAIRWAY BANKRUPTCY UPDATE

Your Local Union has been gathering information concerning the Chapter 11 Bankruptcy filing on behalf of Fairway Supermarkets.  We wish to assure our Brothers and Sisters that our latest information indicates that the Company intends to continue normal retail operations without interruption.

Chapter 11 is a reorganizational procedure, which is designed to protect any Employer who is unable to pay all current debts by permitting a readjustment of that debt while the Company remains operational.

Again, we wish to assure all our Brothers and Sisters that our contract is still in place and you will receive all contract entitlements and benefit programs.  

We will continue to keep our Fairway members informed as to any important information.

Please be aware that UFCW Local 464A is very familiar with the bankruptcy procedure based upon our A&P/Pathmark contractual relationships, and we are well prepared to properly protect you during this most difficult time.