Kroger CEO says at congressional hearing no stores would close in proposed Albertsons merger

between Kroger — the parent company of Colorado’s largest retail grocery chain, King Soopers — and Albertsons, which operates Safeway stores.”

But union workers Tuesday morning opposed the deal, with six United Food and Commercial Workers unions representing more than 100,000 Kroger and Albertsons employees in 12 states and Washington, D.C., gathering at the U.S. Capitol as the congressional hearing got underway. They asked state and federal regulators to halt the merger.

The merger would also let them expand their customer reach, and “improve proximity to deliver fresh and affordable food,” he said. The plan includes a boost to associate wages and benefits. Claudia Morales, a floral manager at Safeway in Colorado Springs, thought about her two children in high school when she first learned about the proposed merger between Kroger and Albertsons.

Eventually you will have to close stores, the competition will be gone. Unless in an area with lots of traffic. Same with employees

A bad idea no matter what kind of spin Kroger and Albertson's put on it! Will end up screwing the public! Monopolies are what broke up Ma Bell!

No. They are just going to raise prices. Cut infrastructure and lower quality.

CEOs never lie.

This promise does not do any good for his cause. This merger should NOT be allowed to happen. Choice is important. I don't shop at Soopers now because I don't want to, but after this I'll be forced to because there is no choice. Screw you, McMullen.

Still no. When did we stop trying to stop monopolies?

We are believing this? Like, there won't be a business issue that comes up that 'Necessitates' layoffs? And the LiveNation and Ticketmaster union was OH SO GOOD for consumers.

Yea, yea, yea. comcast xfinity went from we will give customers free digital converter boxes. To you only get 2 free converters per household. To we charge for each box. Today those boxes cost the same as a full digital box. Don’t ever trust corporate America.

Did they also promise to cut prices and limit corporate profits including CEO pay? monopoly

I vowed to never say a bad word again too…

Pretty sure we’ve heard that one before.

Yeah right... People, if you hear the word 'synergies ' polish up your resumes.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kroger, Albertsons CEOs to face congressional questions on planned U.S. mergerKroger CEO Rodney McMullen and Albertsons' top executive, Vivek Sankaran, will face questions this week on plans for the two giant grocery companies to merge in a $25 billion deal, Senator Amy Klobuchar's office said in a statement. They are the same co. An increasingly monopolized retail food supply will be a bad bad thing for everyday people… and small farmers too. I blame Earl Butz.
Source: Reuters - 🏆 2. / 97 Read more »

UFCW Local 7 president, members in D.C. ahead of Kroger-Albertsons merger hearingKim Cordova, president of UFCW Local 7, which represents King Soopers and Safeway workers in Colorado, worries the merger could result in job losses and store closures. via PattrikPerez
Source: DenverChannel - 🏆 239. / 63 Read more »

Kroger, Albertsons Expected to Defend Grocery Merger at Senate HearingThe CEOs of Kroger and Albertsons will likely face questions on how their companies' proposed merger would affect competition and shoppers during a Senate hearing Is it crazy to think that these 2 kinda need this merger? They lose ground all the time to places like WalMart, Aldi and others. Your reminder that post merger the company will have less than 14% of the national grocery market. Proud as punch that her country is bombing innocent children..KARMA
Source: WSJ - 🏆 98. / 63 Read more »

Kroger and Albertsons CEOs head to Capitol Hill for merger hearingThe Senate is holding a hearing today on Kroger's proposed $24.6B purchase of rival Albertsons. Here's what to know. TheDemocrats we do NOT need another huge Monopoly NO! We don't need fewer grocery store owners w/just a bunch of different names, giving the illusion of competitioin. EndMonopolies FTC NO MORE MONOPOLIES Honor Antitrust laws!!!!
Source: axios - 🏆 302. / 63 Read more »

Albertsons, Kroger CEOs to defend $25B merger to skeptical senatorsTop executives at Kroger and Albertsons are expected to face tough questions on Tuesday from lawmakers who worry the grocers' planned $25 billion merger will push up food prices at a time when inflation is a concern. Lawmakers are far more responsible for inflation than anything that Kroger and Albertsons could do. And lawmakers have had nothing to do with inflation? Look in the mirror.
Source: KSLcom - 🏆 549. / 51 Read more »

Albertsons, Kroger CEOs to defend $25 bln merger to skeptical U.S. senatorsTop executives at Kroger Co and Albertsons Companies Inc are expected to face tough questions on Tuesday from lawmakers who worry the grocers' planned $25 billion merger will push up food prices at a time when inflation is a concern.
Source: Reuters - 🏆 2. / 97 Read more »