The Market Basket situation has been an ongoing issue in New England for quite some time, and is now coming to a head- Employees have actually held rallies in support of the old management, and are now threatening a mass walkout today.
Under the management of Arthur DeMoulas, the supermarket chain grew from 15 to over 70 stores, built on a reputation for low consumer prices and high employee wages and benefits.
Recently, he was ousted by the board of directors, who want to focus instead on creating shareholder value- Which as you can probably guess, means lower wages and higher prices.
Now, the employees, allegedly backed by all 71 store managers, have released an ultimatum threatening to leave at 4:30 today if Arthur is not reinstated.
Thought you might all want to know about this.