UFCW Local 135 calls on Rite Aid to prioritize its workers as the company emerges from Chapter 11 bankruptcy and transitions to a private entity. As Rite Aid restructures and seeks a new path forward, we demand that the company uphold its collective bargaining agreements and provide its workers with livable wages and fair benefits.
After months of financial uncertainty, Rite Aid announced it has completed its financial restructuring, reducing its debt by $2 billion and securing $2.5 billion in exit financing. As the company begins this new chapter, it is vital that Rite Aid recognizes the contributions of its frontline employees who have continued to serve their communities amidst store closures, layoffs, and ongoing litigation.
Throughout the bankruptcy process, Rite Aid closed hundreds of stores and negotiated settlements with lenders and creditors. Now, as it transitions to private ownership, the company must focus on its workers’ needs by ensuring fair compensation and adequate benefits during ongoing contract negotiations.
“We urge Rite Aid to prioritize the livelihoods of its dedicated employees,” said UFCW Local 135 President Todd Walters. “It is not enough for Rite Aid to emerge from bankruptcy with a clean slate while its workers continue to struggle. We demand that Rite Aid negotiate in good faith and provide livable wages and benefits that reflect the essential role our members play in the company’s success.”
As Rite Aid moves forward under new leadership and a leaner operational model, UFCW Local 135 remains committed to advocating for its members’ rights and securing a fair contract that acknowledges their hard work and dedication.
Bargaining between UFCW Locals 8, 135, 324, 770, 1167, 1428, and 1442 and Rite Aid continues September 9, 19, 25, 26, and 27.
