Kroger and Safeway parent company would close almost 600 stores as part of merger

Employees at these closed locations would transfer their employment to C&S Wholesale Grocers, the owner of the Piggly Wiggly grocery brand. The employees transferring would have their pay and health benefits carried over with them.The number of closures with this proposed $24.6 billion merger would be 579.

Kroger and Albertsons have contended that the merger is necessary for the two to compete with larger grocery chains, such asand Costco. The two grocery companies have also vowed to invest $500 million to cut prices and $1 billion to increase the pay and benefits of employees.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Albertsons lists 18 Alaska Carrs Safeway stores planned for divestiture in proposed merger with KrogerA list of planned stores that will be divested by the parent company of Carrs-Safeway includes 18 locations in Alaska.
Source: AKNewsNow - 🏆 460. / 53 Read more »

Grocers release list of Alaska Carrs Safeway stores targeted for divestiture in Kroger-Albertsons mergerEighteen stores would be sold to C&S Wholesale Grocers, including 8 Carrs stores in Anchorage.
Source: adndotcom - 🏆 293. / 63 Read more »

Kroger releases list of 101 Albertsons, Safeway locations it plans to offload in Arizona amid mergerKroger plans to offload more than 100 Albertsons and Safeway stores in Arizona
Source: abc15 - 🏆 263. / 63 Read more »