Fred Meyer, QFC reach tentative labor deal after one-day strike.

Prior to the strike vote, the contract offer by Fred Meyer and QFC included $36 million in additional pay, another $5 million in pension contributions and $30 million in health benefit contributions, with the latter maintaining current plan costs, published reports said. This week and next week, members of United Food and Commercial Workers (UFCW) Local 555 are slated to vote on a tentative contract agreement following a one-day strike late last week by workers at Fred Meyer and QFC stores in Oregon. Earlier this year, four UFCW locals representing Fred Meyer and QFC employees ratified an agreement to transition about $400 million in pension liabilities from an underfunded pension plan to the UFCW Consolidated Pension Plan. [Extracted from the article]