Update on Our Efforts to Protect Workers and Customers from the Proposed Kroger-Albertsons Merger/C&S Divestiture
/We wanted to provide you with an update on our efforts to oppose the proposed merger between The Kroger Company (parent company of Fred Meyer and QFC) and Albertsons Companies, Inc. (parent company of Safeway, Albertsons and Haggen stores) and their proposed divestiture of stores to C&S Wholesale Grocers.
On Monday, January 15, Washington State Attorney General Bob Ferguson filed a lawsuit in King County, Washington court to block the proposed merger. Our UFCW 3000 endorsement of this legal action and a quote from UFCW 3000 grocery store member Yasmin Ashur who works at the Port Orchard Albertsons was part of the news coverage in the Seattle Times news article linked above and other news stories nationwide.
The Federal Trade Commission (FTC) is continuing its review of the proposed merger, and we continue to work closely with them. Many analysts feel it is more than likely that the FTC will challenge the merger. Our local union, in coalition with other local unions from across the United States, has provided extensive information about the proposed merger to the FTC. We remain hopeful that the FTC will also challenge the proposed merger. Both the courts and the FTC have the power to potentially block the merger from being completed.
Recently, Kroger and Albertsons have announced a delay to the merger timeline, until potentially as late as August. No doubt this delay is in response to both news of the lawsuit and the pressure campaign mounted by a broad swath of consumer groups, unions, farmers, ranchers, and others committed to preventing the harmful effects of this merger.
JOIN US!
All our grocery store members are invited to join us for a webinar on Tuesday, January 23. Please go to the link below to register for your preferred webinar:
MORNING MEETING:
Tuesday 1/23/24
8 AM
EVENING MEETING:
Tuesday 1/23/24
5 PM
Additional information:
This is far from a done deal: Kroger and Albertsons cannot sell stores to C&S Wholesale Grocers unless and until a merger were approved by regulators, and now, because of the Washington State lawsuit, the courts.
Contrary to comments made by these companies, this proposed merger is not at all necessary. Nor does their announced divestiture plan remedy our concerns. Both Kroger and Albertsons are doing well financially and making strong profits.
The proposed merger is really about greed. These two companies have already profited so much from the labor of grocery store workers all while often under-staffing stores and over-charging customers. Instead of investing in improved working conditions and reduced prices, they have prioritized high CEO pay, large dividends, including an Albertsons $4 Billion give away in early 2023, and massive stock buy backs.
Keeping up the Effort to Protect Workers and Customers
Our efforts over the past year and a half, from actions at the store level, to meeting with regulators, to helping to educate the public and generate hundreds of TV, radio and newspaper stories across the nation, have and continue to have an impact. We can’t let up now. The proposed Kroger-Albertsons merger would no doubt be disastrous for consumers in the form of higher prices, for workers in the form of lost jobs, lower wages, and crippling losses to pension and health benefit plans, for farmers and ranchers who will lose a major buyer of their products, and for thousands of Americans who would find themselves living in food and drug-store deserts without adequate access to everyday necessities. If you haven’t done so already, please tell the FTC and you can also write to Washington’s Attorney General to thank him for his recent lawsuit and let him know why you oppose the proposed merger.
