Loblaw and UFCW achieve amendments to contract offer; Ontario strikes scheduled for Sunday deferred

Loblaw Companies Ltd news release with annotations

BRAMPTON, ON, July 3, 2015 /CNW/ - Loblaw Companies Limited (TSX:L) and the United Food and Commercial Workers (locals UFCW 175 & 633 and UFCW 1000A) have achieved amendments to the memorandum of agreement for 69 stores across Ontario, from Ottawa to Windsor.

Sixty stores, represented by UFCW 1000A, including Loblaws Great Food and Real Canadian Superstores from Ottawa to London, have deferred strikes planned for Sunday, July 5. They will vote to accept or reject the amended offer between July 5 and July 8. If it is rejected, those 60 stores will strike Saturday, July 11 at 12:01 a.m.

Nine stores, represented by UFCW 175 & 633, including four Zehrs Great Food and five Real Canadian Superstores, will continue strikes begun July 2, pending voting dates to be announced. All nine stores have remained open for business.

The company and the union are restricted from public comments at the request of a provincially appointed mediator.

About Loblaw Companies Limited: Loblaw Companies Limited is Canada's food and pharmacy leader, the nation's largest retailer, and the majority unit holder of Choice Properties Real Estate Investment Trust. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, banking, and wireless mobile products and services. With more than 2,300 corporate, franchised and Associate-owned locations, Loblaw, its franchisees, and Associate-owners employ approximately 192,000 full- and part-time employees, making it one of Canada's largest private sector employers.

Loblaw's purpose – Live Life Well – puts first the needs and well-being of Canadians who make one billion transactions annually in the companies' stores. Loblaw is positioned to meet and exceed those needs in many ways: convenient locations; more than 1,050 grocery stores that span the value spectrum from discount to specialty; full-service pharmacies at more than 1,250 Shoppers Drug Mart® and Pharmaprix® locations and more than 500 Loblaw locations; PC Financial® no-fee banking; affordable Joe Fresh® fashion and family apparel; and three of Canada's top consumer brands in Life Brand®, no name® and President's Choice®. Through the PC Plus® and Shoppers Optimum® loyalty programs, more than one in every three Canadians are rewarded for shopping with the companies.

SOURCE Loblaw Companies Limited

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