Business Headlines: 2012 Salary Increases; New Wegman’s
BOSTON (CBS) – Even though most Massachusetts workers will be getting slight pay increases next year, it won’t be enough to keep up with the pace of inflation once again.
A new survey of 368 local companies found they plan to hand out average salary increases between 2.5 and 2.8 percent next year.
But nearly a fourth of those firms say they will either freeze or delay salary increases in 2012.
A high-end grocery chain is opening a second store here in Massachusetts.
Wegmans is coming to the Boston area.
There was an atmosphere of celebration when the supermarket chain opened its first store in Massachusetts in Northboro two months ago.
Now it’s opening another store in Newton on Route 9, across from the Chestnut Hill Mall.
It’s expected to be about half the size of the Northboro store, but it will mean about 500 jobs for the area.
Talbots is confirming it plans to replace its CEO Trudy Sullivan, hoping to turn around its struggling business.
The Hingham-based retailer has set up a search committee.
Sullivan will continue as CEO and will retire once a successor is found.
Last Thursday, Talbots announced it plans to halt all TV advertising at the height of the holiday shopping season.
Watch Lisa’s report:
Lisa van der Pool of the Boston Business Journal can be seen weekdays at 6 a.m. on WBZ-TV.