LOS ANGELES — On the heels of the proposed merger between grocery giants Kroger and Albertsons, on Oct. 18, Albertsons announced that it will pay out a $4 billion dividend to shareholders Nov. 7. The more than 20,000 members working at Ralphs and Albertsons/Vons, represented by UFCW Local 770, strongly oppose this dividend payout. The members are calling upon elected officials and regulators to stop this payment and the resulting devaluation of the company at a time when consumers are facing crushing inflation.
UFCW is looking to regulators and elected officials to join them in putting public pressure on Albertsons to invest this $4 billion in workers and lower prices for families, rather than enriching executives and shareholders.
Details: https://tinyurl.com/5n97ertv
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