Wegmans offered what it's calling the "last and final offer" to some 900 employees represented by Teamsters Local 118. The supermarket giant and the union have been locked in a six-month contract dispute.
At issue is the union's interest in continuing to participate in the New York State Teamsters Conference Pension and Retirement Fund. Wegmans says the fund is currently $1.7 billion underfunded.
The new Wegmans offer would give each full-time Teamsters employee an immediate $1,000 lump sum and an 18-percent pay increase over the life of the six-year contract.
Wegmans says the employees who work in distribution and transportation on average earn $50,000 a year with truck drivers earning an average of $70,000.
Wegmans says its successfully negotiated fair agreements with the Teamsters for more than 50 years and is hopeful an agreement will be reached soon.
YNN has reached out to the union for comment and has yet to hear back.