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The chains maintain that they'll rebound, largely because the two-tier contract allows them to give new hires significantly lower wages and benefits than veteran workers.
Safeway, for one, doesn't want to wait for attrition to realize the payoff. The Pleasanton, Calif.-based company plans to offer buyouts to roughly one-third of the 22,000 people who work at its 293 Vons and Pavilions stores in Southern and Central California to hasten their replacement with new hires.
People familiar with the buyout program said Safeway was prepared to spend up to $50 million on it. So if 1,000 workers accepted, they would receive $50,000 each.
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