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Pension plan triggers loss for Fred Meyer parent company

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High Five
Thursday, March 01, 2012

The Kroger Co lost $306. 9 million over past three months, despite boost in sales.

The pension-related costs had been announced in December, when the company said that four of the union pension funds to which it contributes were merging into a new fund as of the start of this year. Kroger contributed $650 million to the new fund in January as part of the agreement.

Read more at Oregonlive.

 
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