| Great Atlantic Pacific Tea Company, Inc. |
|
|
||
| The Great Atlantic & Pacific Tea Company, Inc., (A&P) markets grocery products (68% of FY 2006 revenues); meat (20%) and produce (12%) through its 406 U.S. retail food stores. The company operates its stores under the trade names A&P, Super Fresh, Sav-A-Center, Farmer Jack, Waldbaum's, Food Emporium, Food Basics and Super Food Mart. In FY 2006, the company did not report any revenues from sales outside the U.S.In 2005, the company sold its Canadian operations to Metro, Inc.In March 2007, the company agreed to acquire Pathmark Stores, Inc. In 2005, Eric Claus succeeded Christian Haub as CEO of the company.As of May 2007, the Haub family owned approximately 54% of the company's common stock through its relationship with Tengelmann Warenhandelsgesellschaft KG, an owner of grocery and department store products in Germany. Mr. Haub, A&P's executive chair, is also a partner and Co-CEO of Tengelmann Warenhandelsgesellschaft KG. | ||||
|
home page |
parent company |
Great Atlantic Pacific Tea Company, Inc
|
||
|
company tags |
markets grocery
|
|||
| The company has also been named responsible for toxicity at several sites that have been classified as Superfund sites. Although the company accepts partial responsibility of the toxicity, it says that its share in spread the toxicity was only minimal and negligible. The company has just recently opened a new Fresh Market that utilizes a state of the art, energy-saving solution called PureComfort®. This first of its kind single-source system, made by United Technologies Corporation’s UTC Power unit, is a gas-driven cooling, heating and power solution that will lessen the store’s reliance on electrical grids. The system will also prevent loss of over 4 million gallons of water annually; it will also result in a 3-ton yearly cut in this store’s nitrogen oxide emissions. With this development, Great Atlantic & Pacific Tea Company achieves operational efficiency while upholding environmental-friendliness and conservation of natural resources. | ||||
| Edit | Researched by KLD Research |
| A large number of the company’s employees are active members of various labor unions. The company has adopted the policy of working under collective bargaining agreements that are renegotiated from time to time. In the most recent renegotiations, the important issues underlined are increasing health care and pension costs. The company is willing to bear work-stoppages, at least to some extent, if future agreements cannot be agreed upon its desired terms and conditions. An A&P supermarket manager in New York felt ill while doing work. He had alarming symptoms of what he thought was a heart attack; the problem was diagnosed as panic disorder. The illness was a result of the manager’s overworking, regularly extending his daily hours and not taking his scheduled days off. The unhealthy routine went on until he reached the point where he could hardly sleep and his weight drastically dropping by 35 pounds. He was unable to work anymore and had to admit in a hospital for a few days, after which he did not go to work for the next few months. The manager sought workers’ compensation benefits but his plea was turned down by A&P. | ||||
| Edit | Researched by KLD Research |
| Discussion Page |
Report to Admin
© Scryve: Licensing
Version 15 last modified by XWikiGuest on 05/07/2008 at 00:42
