History
- 1948: Progressive Enterprises was established in 1949 by the Picot Family
- 1961: Progressive Enterprises became the parent company to Foodtown Supermarkets Limited.
- 1992: Coles Myer relaunched Progressive Enterprises onto the New Zealand stock exchange as a public company.
On 25 May 2005, it was announced that Woolworths Limited, one of Australia's largest retailers, would be purchasing Progressive along with 22 Action stores in Australia. The deal was worth approximately NZ$2.5 billion and culminated in the official transfer of assets on 24 November 2005.
In 2006, company workers at three distribution centres initiated industrial action in an attempt to win a collective employment agreement and pay rise. The company responded by suspending grocery distribution centre operations and allowing suppliers to send stock directly to supermarkets.
Also in 2006, the company was awarded the Roger Award For The Worst Transnational Corporation Operating in New Zealand.
On 15 August 2007, it was announced that all Progressive Enterprises employees on youth rates or under the age of 18 will now all get paid adult rates which in some cases can be up to an 80% pay increase. The average pay is around $13.50 from $9.00.
Read more about this topic: Progressive Enterprises
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