Business

Essential Grocery Store Workers Say: Stop Albertsons’ Dividend Payment

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

Reporters Desk

Recent Posts

County to Protect Medi-Cal and CalFresh Access for 1.7 Million Residents Amid New Federal Work Requirements

The motion also calls for the expansion of workfare and volunteer opportunities across county departments…

22 hours ago

Governors Briefs: CalRx® Insulin, $11 a Pen, Will Soon be Available and Appointment Announced

This launch marks a significant step in the state's ongoing effort to lower prescription drug…

22 hours ago

Purdue Student Paper Shows Solidarity With Rival

  After the Indiana University Media School fired its director of student media and banned…

23 hours ago

POLA Lead Attorney Steve Otera Named Corporate Counsel of the Year by LA Business Journal

  LOS ANGELES — The Los Angeles Business Journal has given a top legal honor…

23 hours ago

Ports Briefs: POLB Cargo Slows as Clean Truck Study and Air Quality Report Highlight Progress

The Final 2024 Class 8 Drayage Truck Feasibility Assessment Report focuses on battery electric and…

1 day ago

Public Health Investigating Possible Local Spread of Clade I Mpox; Third Case Confirmed in Los Angeles County

So far in 2025, Public Health has reported 118 cases of clade II mpox.

2 days ago