Ro-Jack’s closing a Seekonk store
MANSFIELD – Ro-Jack’s Food Stores announced that it is closing its market on Route 6 in Seekonk because of disappointing sales. At the same time, the company announced that it will continue to operate its store on Route 152 at Baker’s Corner in Seekonk. A Ro-Jack’s spokesman said full and part-time employees at the Route 6 store are being offered jobs at other stores throughout the chain. About 100 workers were employed at the store, the spokesman said. The store-site in Seekonk Square was formerly owned by Stop & Shop and before that was operated as part of the Edwards chain, and before that as a Heartlands market, one of the earliest bulk products retail food and related products stores.
Workers hold one-day strike at hospital in Plymouth
PLYMOUTH – Workers represented by the Service Employees International Union Local 767 held a one day strike on September 14 and 15 at Jordan Hospital, apparently in response to stalled contract negotiations. Both parties met with a federal mediator on the day and night before the strike and reported reaching agreement on some issues, but leaving others unresolved. Additional talks were not scheduled immediately. About 600 of the hospital’s 1,100 employees were involved in the strike, the Boston Globe reported.
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Cranberry growers seek federal help
ONSET – Ocean Spray Cranberries, Inc. joined Wisconsin -based Northland Cranberries, Inc. and other cranberry growers and juice producers in urging federal support for the weak cranberry market. The cranberry group is seeking $30 million for buying cranberry products for school lunch programs and $20 million in direct cash support. The appeal is subject to Department of Agriculture and Congressional approval.
Heart center opened at St. Luke’s
NEW BEDFORD – The Heart Center at St. Luke’s, the New Bedford site of Southcoast Hospitals Group, is open. The center features the latest technology and services for the prevention and treatment of heart disease. The use of digital imagery techniques allows “doctors to see minute detail that would have been difficult to view during catheterizations five years ago, said Shawn Cody, RN, director of St.Luke’s critical care/emergency department. Moreover, she said, “doctors can view the heart from different angles without having to move the patient,” thus increasing the patient’s comfort. The official dedication for the Heart Center is scheduled for Thursday, September 28 from 3 to 7 p.m. The public is invited.
New England Business to cut 40 jobs
GROTON (Bloomberg) — New England Business Service Inc., a supplier of business forms, said it will cut about 45 jobs and take about $7.1 million in charges in its 2001 fiscal year to close Virginia and Massachusetts plants and combine its New Jersey operations. New England Business said the job cuts will affect about 1 percent of its U.S. workforce of 3,975. An additional 100 people will be asked to relocate. The Groton, Massachusetts-based company will take a $5.2 million charge, or 24 cents a share, in its fiscal first quarter. It will take an additional charge of $1.9 million, or 9 cents, over the rest of 2001. The company will close its Damascus, Virginia, plant, which employed about 70 people. Its leased property in Sudbury, Massachusetts, will also be closed. New England Business’s Parsippany, New Jersey, operations will be moved to its plant in Thorofare, New Jersey, spokesman Tim Althof said.
Boston Properties buys tower and development rights
BOSTON (Bloomberg) — Boston Properties Inc. said it and a New York pension fund acquired the 21-story 265 Franklin Street office tower in Boston for $97 million, adding to its collection of trophy properties in the city. Separately, the company said in a release distributed to the press it bought out partner Prudential Insurance Co. of America’s 50 percent interest in the development rights to its Prudential Center office and retail complex in Boston for about $18.2 million in stock. The moves are part of a strategy by the Boston-based company, headed by publishing magnate Mortimer Zuckerman, to increase its holdings in markets where office rents are being pushed higher by financial services, computer and high-technology related companies. Boston’s office vacancy rate stood at 3.3 percent at the end of 1999, down from 18 percent in 1991. Other notable Boston buildings owned by the real estate investment trust include 101 Huntington Avenue and much of the Cambridge Center office campus. Boston
Properties and New York Common Retirement Fund bought the 327,000 square-foot Franklin Square from Westbrook Partners. Major tenants include mutual fund firm Fidelity Investments and securities firm Paine Webber Group Inc., according to RealtyIQ, an online provider of real estate data. Fidelity Investments, which pays about $26 a square foot for its 187,000 square feet of space, is vacating the building in May 2001. Boston Properties expects to re-lease the space at current market rents, which are about $65 a square foot, said Douglas Linde, senior vice president.
