President John T. Niccollai
AN IMPORTANT MESSAGE FROM PRESIDENT JOHN T. NICCOLLAI - 10-13-2020
AN IMPORTANT MESSAGE FROM PRESIDENT JOHN T. NICCOLLAI - TUESDAY, OCTOBER 13, 2020
KINGS BANKRUPTCY UPDATE
President Niccollai reported this evening, Tuesday, October 13, 2020, that ACME was the successful bidder at the auction conducted through the Bankruptcy court.
The bid submitted by ACME was for almost the entire complement of locations presently operated by Kings. There are several stores with lease or location problems that may or may not be resolved. Obviously, the Union seeks jobs for everyone and we will do everything humanly possible to achieve that result. President Niccollai
reported further he will be in contact with ACME tomorrow to tie up as many loose ends as possible and to protect our jobs, medical program, and pensions.
The Local Union views the acceptance of ACME's bid as a positive for our Brothers and Sisters from Kings. We will be dealing with a company run by supermarket operators
as opposed to investors and, further, we presently have an excellent working relationship with the ACME company executives and field supervision.
We will do another posting as we get additional information. President Niccollai commented that your Union will continue working tirelessly to turn these latest
events into a success story for all.