Sunday, December 21, 2014
My Account  | Login
Nashua;30.0;http://forecast.weather.gov/images/wtf/small/sn.png;2014-12-21 10:05:46
Thursday, August 21, 2014

Patrick: Market Basket fight at ‘critical point’

BOSTON – Massachusetts Gov. Deval Patrick said Wednesday he was hopeful that a family fight over the Market Basket grocery store chain that has sparked an employee walkout and a customer boycott can be resolved soon.

Patrick told reporters he was hoping to speak with warring cousins Arthur T. Demoulas, who was ousted as CEO in June, and Arthur S. Demoulas as negotiations reached a “critical point,” with the immediate future of the company and its employees possibly hanging in the balance. ...

Sign up to continue

Print subscriber?    Sign up for Full Access!

Please sign up for as low as 36 cents per day to continue viewing our website.

Digital subscribers receive

  • Unlimited access to all stories from nashuatelegraph.com on your computer, tablet or smart phone.
  • Access nashuatelegraph.com, view our digital edition or use our Full Access apps.
  • Get more information at nashuatelegraph.com/fullaccess
Sign up or Login

BOSTON – Massachusetts Gov. Deval Patrick said Wednesday he was hopeful that a family fight over the Market Basket grocery store chain that has sparked an employee walkout and a customer boycott can be resolved soon.

Patrick told reporters he was hoping to speak with warring cousins Arthur T. Demoulas, who was ousted as CEO in June, and Arthur S. Demoulas as negotiations reached a “critical point,” with the immediate future of the company and its employees possibly hanging in the balance.

“Nobody wants to have the business remain on its knees this way. Nobody wants to have the people who work for Market Basket out of work, especially the rank-and-file folks who are the folks most in jeopardy,” the governor said after appearing at an unrelated event in Greenfield.

Patrick said his understanding was that the company has continued to pay people for the time they’ve worked.

“(But) if they don’t have customers to serve or supplies to sell, that becomes a bigger and bigger problem,” he said.

The 71-store New England chain has lost tens of millions of dollars since warehouse workers walked off their jobs last month to protest the firing of Arthur T. Demoulas. He has offered to buy out his cousin and other family members, but the two sides have yet to reach an agreement.

Patrick and New Hampshire Gov. Maggie Hassan met with the cousins and other company officials for several hours last weekend.

Hassan remains in close contact with Patrick but doesn’t have any meetings planned with the Demoulas cousins, her spokesman William Hinkle said.

Patrick said there were “a lot of complicated issues and a lot of history.” But, he said, “There is still a sense that a resolution is getting closer.”

– The Associated Press