President John T. Niccollai
AN IMPORTANT MESSAGE FROM PRESIDENT JOHN T. NICCOLLAI FRIDAY, OCTOBER 9, 2020
AN IMPORTANT MESSAGE FROM PRESIDENT JOHN T. NICCOLLAI
FRIDAY, OCTOBER 9, 2020
KINGS BANKRUPTCY UPDATE
President Niccollai reported that today, Friday, October 9, 2020, was the deadline for the submission of bids concerning the sale of Kings Supermarkets through the Bankruptcy Court. It is our understanding that in addition to the bid previously submitted by TLI, additional bids were submitted by other Supermarket Operators. These additional bids will now cause a sale of the Company through an auction process which, in all likelihood, will take place next week.
We would ask all of our Brothers and Sisters who work for Kings to remain calm, and understand that Local 464A is committed to saving our jobs and helping to keep the Kings Stores operating and viable.
As we get additional information next week, we will post the same on our website.
WORK SMARTLY – WORK SAFELY