WASHINGTON, D.C. — Members of the U.S. Senate's Subcommittee on Competition Policy, Antitrust, and Consumer Rights are expected to meet Tuesday afternoon with the CEOs of Kroger and Albertsons to discuss the"competitive impact" of their potential merger.
Kim Cordova, president of UFCW Local 7, which represents King Soopers and Safeway workers in Colorado, worries her members are going to lose their jobs and stores will be closed."We just went through this in 2014 when Albertsons and Safeway merged. We lost over 33 stores immediately, and workers lost their jobs," she said over Zoom Monday.
As part of the merger, Albertsons will divest between 100 to 375 stores to a new company called SpinCo. It's unclear how many of its 105 stores in Colorado would be affected. Kroger has 148 stores in Colorado.
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