{"id":389974,"date":"2020-11-30T16:33:06","date_gmt":"2020-11-30T21:33:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389974"},"modified":"2020-11-30T16:33:06","modified_gmt":"2020-11-30T21:33:06","slug":"stop-shop-local-unions-ratify-previously-announced-withdrawal-agreement-on-ufcw-international-union-industry-pension-fund-no-impact-to-previously-issued-outlook","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/stop-shop-local-unions-ratify-previously-announced-withdrawal-agreement-on-ufcw-international-union-industry-pension-fund-no-impact-to-previously-issued-outlook\/","title":{"rendered":"Stop &amp; Shop Local Unions Ratify Previously Announced Withdrawal Agreement on UFCW International Union &#8211; Industry Pension Fund; No Impact to Previously Issued Outlook"},"content":{"rendered":"<div class=\"mw_release\">\n<p>\n        \n      <\/p>\n<p>\n        <i>Zaandam, the Netherlands,\u00a0<\/i><br \/>\n        <i>November\u00a0<\/i><br \/>\n        <i>30<\/i><br \/>\n        <i>, 2020<\/i>\u00a0\u2013 Ahold Delhaize announces today that\u00a0the\u00a0UFCW Locals\u00a0of its\u00a0U.S. brand Stop &amp; Shop\u00a0have ratified the\u00a0agreement\u00a0to\u00a0terminate participation in the\u00a0United Food &amp; Commercial Workers International Union\u00a0\u2013\u00a0Industry\u00a0Pension Fund (the\u00a0\u201cNational Plan\u201d).\u202fAs previously announced, the agreement does not impact the 2020 financial outlook.\u00a0\u00a0\u00a0<\/p>\n<p>Details of the\u00a0financial impact\u00a0were outlined in the\u00a0original release\u00a0on July 21st, 2020,\u00a0and\u00a0can be found\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sNz_BF-A3gTszueftCN8qC1ONHwsK-bKX112kmNd7cC3kaMw5TWx3jVXqTrvpjeh9lIVjmN3tJM72V0AX86jHofM741ncU1lbU5Tto9xByCHrIXEUx1DonzEpsxjml7DZUwM45auGIb6GPGbU7TM56pcM_Uxb5RMMNgnOAnfQ-HGUd-QmXpPvTx4324TsydImGI_Rd0jHTd0emzopYQn66IU_JAas7bt3jzAE5FIOrBmNcYFs_aX1WwoSPJkXk-0X8mce2c9m_-6HO3XPYK_5Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">here<\/a>.\u00a0This\u00a0withdrawal\u00a0improves the security of pension benefits for associates as well as reduces financial risk for the company\u00a0and was determined, by the National Plan\u2019s trustees,\u00a0to be in the best interests of the National Plan\u2019s\u00a0participants\u00a0and beneficiaries.\u00a0\u00a0<\/p>\n<p>Also\u00a0as\u00a0previously announced,\u00a0Stop &amp; Shop,\u00a0together with\u00a0Kroger and the\u00a0UFCW Locals,\u00a0are\u00a0creating\u00a0the UFCW International Union-Industry Variable Annuity Pension Plan for future benefits.\u202fThis new plan is designed to protect the benefit accrual of participants, with a\u00a0significantly\u00a0reduced risk of plan\u00a0underfunding\u00a0and\u00a0improved visibility\u00a0on annual contributions.\u00a0<\/p>\n<p>\n        <b>Cautionary notice<\/b>\u00a0<\/p>\n<p>This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words such as impact, outlook, 2020, improve(s)\/(d), reduce(s)\/(d), risk, to be, interests, creating, future, plan, designed or other similar words or expressions are typically used to identify forward-looking statements.\u00a0\u00a0<\/p>\n<p>Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause actual results of\u00a0Koninklijke\u00a0Ahold Delhaize N.V. (the \u201cCompany\u201d) to differ materially from future results expressed or implied by such forward-looking statements. Such factors\u00a0include, but\u00a0are not limited to the risk factors set forth in the Company\u2019s public filings and other disclosures. Forward-looking statements reflect the current views of the Company\u2019s management and assumptions based on information currently available to the Company\u2019s management. Forward-looking statements speak only as of the date they are\u00a0made\u00a0and the Company does not assume any obligation to update such statements, except as required by law.\u00a0<\/p>\n<p>For more information:\u00a0<\/p>\n<p>Press office:\u00a0+31 88 659 5134\u00a0\u00a0\u00a0\u00a0\u00a0Investor relations:\u00a0+31 88 659 5213\u00a0\u00a0\u00a0\u00a0\u00a0Social media:Twitter: @AholdDelhaize\u00a0<\/p>\n<p>YouTube: @AholdDelhaize\u00a0\u00a0<\/p>\n<p>LinkedIn: @Ahold-Delhaize\u00a0<\/p>\n<p \/>\n<p>Ahold Delhaize is one of the world\u2019s largest food retail groups and a leader in both supermarkets and e-Commerce. Its family of great, local brands serves 54 million customers each week in Europe, the United States, and Indonesia. Together, these brands employ 380,000 associates in 6,967 grocery and specialty stores and include the top online retailer in the Benelux and the leading online grocers in the Benelux and the United States. Ahold Delhaize brands are at the forefront of sustainable retailing, sourcing responsibly, supporting local communities and helping customers make healthier choices. Headquartered in Zaandam, the Netherlands, Ahold Delhaize is listed on the Euronext Amsterdam and Brussels stock exchanges (ticker: AD) and its American Depositary Receipts are traded on the over-the-counter market in the U.S. and quoted on the OTCQX International marketplace (ticker: ADRNY). For more information, please visit\u00a0www.aholddelhaize.com.\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQ0MzI1OSM0MDA4MzA5OTIjMjAwMzU1OA==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml-eu.globenewswire.com\/release\/track\/592e72ae-6d61-4c7b-850a-ce9aa6a62191\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Zaandam, the Netherlands,\u00a0 November\u00a0 30 , 2020\u00a0\u2013 Ahold Delhaize announces today that\u00a0the\u00a0UFCW Locals\u00a0of its\u00a0U.S. brand Stop &amp; Shop\u00a0have ratified the\u00a0agreement\u00a0to\u00a0terminate participation in the\u00a0United Food &amp; Commercial Workers International Union\u00a0\u2013\u00a0Industry\u00a0Pension Fund (the\u00a0\u201cNational Plan\u201d).\u202fAs previously announced, the agreement does not impact the 2020 financial outlook.\u00a0\u00a0\u00a0 Details of the\u00a0financial impact\u00a0were outlined in the\u00a0original release\u00a0on July 21st, 2020,\u00a0and\u00a0can be found\u00a0here.\u00a0This\u00a0withdrawal\u00a0improves the security of pension benefits for associates as well as reduces financial risk for the company\u00a0and was determined, by the National Plan\u2019s trustees,\u00a0to be in the best interests of the National Plan\u2019s\u00a0participants\u00a0and beneficiaries.\u00a0\u00a0 Also\u00a0as\u00a0previously announced,\u00a0Stop &amp; Shop,\u00a0together with\u00a0Kroger and the\u00a0UFCW Locals,\u00a0are\u00a0creating\u00a0the UFCW International Union-Industry Variable Annuity Pension Plan for future benefits.\u202fThis new plan is designed to protect the benefit accrual of participants, with a\u00a0significantly\u00a0reduced &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stop-shop-local-unions-ratify-previously-announced-withdrawal-agreement-on-ufcw-international-union-industry-pension-fund-no-impact-to-previously-issued-outlook\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Stop &amp; Shop Local Unions Ratify Previously Announced Withdrawal Agreement on UFCW International Union &#8211; Industry Pension Fund; No Impact to Previously Issued Outlook&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-389974","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stop &amp; Shop Local Unions Ratify Previously Announced Withdrawal Agreement on UFCW International Union - Industry Pension Fund; No Impact to Previously Issued Outlook - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stop-shop-local-unions-ratify-previously-announced-withdrawal-agreement-on-ufcw-international-union-industry-pension-fund-no-impact-to-previously-issued-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stop &amp; Shop Local Unions Ratify Previously Announced Withdrawal Agreement on UFCW International Union - Industry Pension Fund; No Impact to Previously Issued Outlook - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Zaandam, the Netherlands,\u00a0 November\u00a0 30 , 2020\u00a0\u2013 Ahold Delhaize announces today that\u00a0the\u00a0UFCW Locals\u00a0of its\u00a0U.S. brand Stop &amp; Shop\u00a0have ratified the\u00a0agreement\u00a0to\u00a0terminate participation in the\u00a0United Food &amp; Commercial Workers International Union\u00a0\u2013\u00a0Industry\u00a0Pension Fund (the\u00a0\u201cNational Plan\u201d).\u202fAs previously announced, the agreement does not impact the 2020 financial outlook.\u00a0\u00a0\u00a0 Details of the\u00a0financial impact\u00a0were outlined in the\u00a0original release\u00a0on July 21st, 2020,\u00a0and\u00a0can be found\u00a0here.\u00a0This\u00a0withdrawal\u00a0improves the security of pension benefits for associates as well as reduces financial risk for the company\u00a0and was determined, by the National Plan\u2019s trustees,\u00a0to be in the best interests of the National Plan\u2019s\u00a0participants\u00a0and beneficiaries.\u00a0\u00a0 Also\u00a0as\u00a0previously announced,\u00a0Stop &amp; Shop,\u00a0together with\u00a0Kroger and the\u00a0UFCW Locals,\u00a0are\u00a0creating\u00a0the UFCW International Union-Industry Variable Annuity Pension Plan for future benefits.\u202fThis new plan is designed to protect the benefit accrual of participants, with a\u00a0significantly\u00a0reduced &hellip; 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Commercial Workers International Union\u00a0\u2013\u00a0Industry\u00a0Pension Fund (the\u00a0\u201cNational Plan\u201d).\u202fAs previously announced, the agreement does not impact the 2020 financial outlook.\u00a0\u00a0\u00a0 Details of the\u00a0financial impact\u00a0were outlined in the\u00a0original release\u00a0on July 21st, 2020,\u00a0and\u00a0can be found\u00a0here.\u00a0This\u00a0withdrawal\u00a0improves the security of pension benefits for associates as well as reduces financial risk for the company\u00a0and was determined, by the National Plan\u2019s trustees,\u00a0to be in the best interests of the National Plan\u2019s\u00a0participants\u00a0and beneficiaries.\u00a0\u00a0 Also\u00a0as\u00a0previously announced,\u00a0Stop &amp; Shop,\u00a0together with\u00a0Kroger and the\u00a0UFCW Locals,\u00a0are\u00a0creating\u00a0the UFCW International Union-Industry Variable Annuity Pension Plan for future benefits.\u202fThis new plan is designed to protect the benefit accrual of participants, with a\u00a0significantly\u00a0reduced &hellip; 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