Wednesday, November 25, 2009

Penn Traffic to state: 3 Syracuse-area P&Cs will close, hundreds of jobs lost at Geddes warehouses

Posted By- Anshu Dixit
By Bob Niedt / The Post-Standard

Syracuse, NY -- At least three Syracuse area P&C Foods supermarkets will be closing soon, and workers at P&C owner The Penn Traffic Co.’s warehouses and distribution center in Geddes will be laid off, the company is telling the New York State Department of Labor.

P&C Foods stores in Shop City Plaza and at 620 Nottingham Road — the former Peter’s supermarket — will close by Feb. 15, as will the P&C Foods stores in Rome and Norwich, according to a required Worker Adjustment and Retraining Notification Penn Traffic filed with the state.

State law requires Penn to give 90 days’ notice of a shutdown of business.

The notice is a worst-case scenario for Penn Traffic, which filed for Chapter 11 bankruptcy protection Wednesday for the third time in 10 years. The company has stated in its bankruptcy filing that it wants to sell its assets, and if they are not sold, the stores and warehouses will be closed by Feb. 15. The outlook for some of the stores and the warehouses could change if a buyer is found for them, according to bankuptcy filings.

Penn Traffic operates 53 P&C Foods and Quality Markets in New York.

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  1. This comment has been removed by the author.

  2. so many companies and businesses are filing for bankruptcy, maybe they should better assess their risk and also finance better. -Scarlett Lu