LA councilmembers introduce formal opposition of proposed Albertsons-Kroger merger

Five L.A. councilmembers introduced a resolution Friday intended to formalize the city's position against the proposed Albertsons-Kroger merger.Five Los Angeles councilmembers introduced a resolution Friday intended to formalize the city's position against a proposed mega-merger of grocery giants, which would impact 579 stores including 63 locations in California.

Kroger's CEO said there would be no store closures and frontline employees will remain employed if the merger is allowed to happen. The councilwoman has concerns that these stores located in the city may be sold, closed, terminate union labor or that the underlying real estate will be sold for future development.

"The rising prices of groceries is hard on all of us. However, as a city, we must work to protect our vulnerable. When two of the largest grocery chains in the country combine their power, our community members suffer,'' she added.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Albertsons-Kroger grocery merger has no friends among these 5 LA City Council membersThe council members are co-authors of a resolution that says the proposed merger is anti-competitive, would lead to higher prices and would undermine workers and communities across L.A.
출처: ladailynews - 🏆 332. / 59 더 많은 것을 읽으십시오 »

Proposed Kroger-Albertsons merger draws criticism from Los Angeles city leadersThe 63 California stores slated to be sold to C&S Wholesale Grocers if the merger goes through include 15 Albertsons locations, 31 Vons locations, 16 Pavilions locations and one Safeway.
출처: CBSLA - 🏆 552. / 51 더 많은 것을 읽으십시오 »

Kroger, Albertsons halt merger plans while Colorado lawsuit proceedsSupermarket chains Kroger and Albertsons agreed to temporarily halt their proposed merger in Colorado until a judge has considered the state’s objections.
출처: NBCDFW - 🏆 288. / 63 더 많은 것을 읽으십시오 »

Mega-merger between Kroger and Albertsons delayed by a Colorado courtThe proposed $25 billion merger of Kroger and Albertsons has been halted to wait for a ruling on a lawsuit, according to Reuters.
출처: Mynorthwest - 🏆 438. / 53 더 많은 것을 읽으십시오 »