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Essential workers from Albertsons-owned grocery stores July 26 reacted to the company’s first quarter fiscal results, as well as the outlandish payouts planned for corporate executives in the event the company’s proposed merger with Kroger were approved. The workers are members of local unions within the United Food and Commercial Workers Union, the largest union of grocery store and food production workers in the country.

“My work, and my coworkers’ work, is helping Albertsons to produce billions of extra dollars. We are hardworking people, we respect our jobs, and we just ask that respect back in the form of equal pay for equal service,” says Gerald Gates, an employee at an Albertsons-owned Pavilions in the LA area and UFCW 770 member. “During the pandemic food prices went up and consumers continued shopping at the stores. After all that money is out there, one wonders why they entertain a megamerger of $25 billion and potentially divest hundreds of stores across the country, especially in Southern California?”

Background:

More than nine months ago, Kroger and Albertsons announced their proposed plans to merge and create the largest traditional grocery store chain in America. Immediately, calls of concerns were aired across the US from labor, community, legal, food justice and many other organizations.

On July 26 Albertsons released their financial results for the first quarter of their fiscal year. In a statement released by Albertsons in advance of the results, the company stated, “In light of the Company’s entry into an Agreement and Plan of Merger with The Kroger Co., Albertsons Companies will not be hosting a conference call or providing financial guidance in conjunction with its first quarter of fiscal year 2023 results.”

Earlier in the month, financial news reported the massive amount of money that the CEOs of both companies would make if the merger were approved. And just this past weekend, the two CEOs of both companies did an exclusive interview with The Denver Post in response to the growing criticism facing the proposed deal.

Also, it is important to note that earlier in the year, Albertsons made a $4 billion payment to wealthy shareholders that had been proposed as a part of the proposed merger deal last fall. That fleecing of the company’s assets was strongly opposed by many local unions, several states attorneys general and was challenged by many US Senators in a hearing in November.