CVS Caremark and United Food & Commercial Workers Union Announce Cooperation Agreement in 500 Stores

WOONSOCKET, RI and WASHINGTON, DCCVS Caremark and the United Food & Commercial Workers today announced they have signed a cooperation agreement giving CVS/pharmacy employees at approximately 500 stores in the metropolitan Los Angeles, San Francisco, and San Diego areas the opportunity to vote on whether or not they want to be represented by the union.

According to CVS Caremark and the UFCW, this cooperation agreement will help promote the success of the company and demonstrates the shared commitment of both parties to ensuring that employees have the right to choose whether to be represented by a union without pressure or undue influence.

“This agreement is fair and reasonable for our employees and the company,” said Larry J. Merlo, President and CEO of CVS Caremark. “It enables CVS Caremark to focus all of its energy and resources on our purpose of helping people on their path to better health.”

“We share a commitment to making retail jobs secure, allowing workers to pay their bills, raise a family and live a middle class life,” said Joe Hansen, International President of the UFCW.

The five-year agreement also establishes a quick and simple election process that allows workers to vote on whether or not to join the union.

There are more than 8,300 CVS/pharmacy employees who are currently UFCW members in 11 states and in the District of Columbia. In California, CVS recognized the workers’ union in 100 former Sav-On stores following the company’s acquisition of those stores in 2006.  Under this new cooperative agreement, both parties have agreed to extend the existing collective bargaining agreement for other California CVS/pharmacy employees to incoming union members for the next five years.

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About CVS Caremark

CVS Caremark (NYSE: CVS) is the largest pharmacy care provider in the United States with integrated offerings across the entire spectrum of pharmacy care. CVS Caremark is uniquely positioned to engage plan members in behaviors that improve their health and to lower overall health care costs for health plans, plan sponsors, and their members. CVS Caremark is a market leader in mail order pharmacy, retail pharmacy, specialty pharmacy, and retail clinics, and is a leading provider of Medicare Part D Prescription Drug Plans. As one of the country’s largest pharmacy benefits managers, the company provides access to a network of approximately 65,000 pharmacies, including more than 7,300 CVS/pharmacy® stores that provide unparalleled service and capabilities. CVS Caremark clinical offerings include its signature Pharmacy AdvisorTM program as well as innovative generic step therapy and genetic benefit management programs that promote more cost effective and healthier behaviors and improve health care outcomes. General information about CVS Caremark is available through the company’s website at http://info.cvscaremark.com

 About UFCW

The United Food & Commercial Workers International Union represents more than 1.3 million workers, primarily in the retail and meatpacking, food processing, and poultry industries. The UFCW protects the rights of workers and strengthens America’s middle class by fighting for affordable health care, immigration reform, living wages, retirement security, safe working conditions and the freedom to a voice on the job so that working men and women and their families can realize the American Dream. For more information about the UFCW’s efforts to protect workers’ rights and strengthen America’s middle class, go to www.ufcw.org and join our online community at www.facebook.com/UFCWinternational and www.twitter.com/ufcw