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Some jobs go begging as economy emerges from pandemic’s shadow | The Daily Gazette
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Nick Durrum is shown working in the Stewart s Shops milk processing plant in Greenfield. There are 32 job openings at the plant and a combined 1,200-plus elsewhere across the company s 350 locations.
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ALBANY Fewer people are working in the Capital Region than a year ago and fewer appear to be seeking work.
There were 5.7% fewer jobs in the Albany-Schenectady-Troy Metropolitan Statistical Area in March 2021 than in March 2020, the state Department of Labor reported this week.
The DOL hasn’t estimated the area’s March unemployment rate yet, but the February 2021 rate was 6.3%, up from 4.0% in February 2020, the last month before COVID-19 caused an economic meltdown.
Stewart s employees now own 40 percent of company
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1of3Buy PhotoStewart’s Shops President Gary Dake checks out a customer at the Arbor Hill Stewart s Shop on Tuesday, Dec. 24, 2019, in Albany, N.Y. Dake came to the shop to work the register and to personally thank customers for their generosity for the company s Holiday Match program. The shop, located on Henry Johnson Boulevard, had the highest growth in the first half of the Holiday Match season, with a 244% growth over last year. All the funds raised through the program go to support local children’s organizations. (Paul Buckowski/Times Union)Paul Buckowski/Albany Times UnionShow MoreShow Less
SARATOGA SPRINGS, N.Y. â Stewartâs Shops employees now own more than 40% of the company through profit sharing, the convenience store chain announced.
Just last week, 2,850 partners received their 2020 Employee Stock Ownership Plan (ESOP) statements, a press release from the company said, noting that their accounts received approximately 20% growth and a $19 million contribution, which is about 19% of their 2020 pay.
There are now 105 partners with a balance of more than $1 million, and nearly a third of these millionaires are still actively working. This is possible because of Stewartâs stability, enabling years of double digit percent of pay contributions, plus double-digit growth of balances each year, the release said.
Stewart s Shops Reveals More Details on Express Locations
SARATOGA SPRINGS, N.Y. Stewart s Shops is unveiling plans for the first five smaller-concept Stewart s Express convenience stores for the upstate New York market.
Stewart s Express which will be a test to see how these shops perform with a decreased product offering and the omission of hand-scooped ice cream, milkshakes, salads, sandwiches, soup or meatballs comes off the heels of Stewart s Shops acquisition of fellow Saratoga Springs-based retailer Red-Kap in November.
Under the plan, the retailer will convert six of the Red-Kap convenience stores to Stewart s Express. The remaining two will become Stewart s Shops, as