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Thursday, December 9, 2010

West Side Co-Op Closing

28 people will lose their jobs with news the West Side co-op store is closing by the end of the year.
The decision coming out of a membership meeting where declining sales and substantial losses over the last few years are the main factors in the closure.

Of the 28 positions that will be lost, four are full time and we are told a severance package is being offered to each employee along with job counselling.
Co-op Atlantic area manager Ron Montgomery says they regret the timing saying there is never an ideal time to close and put people out of work.

A liquidation sale will begin this week and the gas bar will stay open until stocks have been exhausted. The land and building will go up for sale sometime after the expected closing date of December 31st.