August 28th, 2014
Artie T. back in saddle at Market Basket – worker revolt successful
We reported in late July about the long-standing feud between second generation owners of the Market Basket grocery store chain in the Northeast. Arthur S. Demoulas fired his cousin Artie T. Workers rose in support because he had done several costly things to help financially strapped workers when the stock market collapse ate up retirement savings. Local politicians called for boycotts of the stores. Shelves ran bare. Governors in two states pled for a solution.
Now, Artie T.’s offer to buy the chain, to remove Artie S., has been accepted by the Board. Artie T. will restore all lost jobs. Artie S. had fired protestors.
Life resumes to normal in a couple of months as the chain reverts to control by Artie T.
This is a very rare story where non-union workers prevailed. A great story. Justice.
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