By Alex Findijs
Source: World Socialist Web Site
The proposed $25 billion merger of Kroger and Albertsons, two of the largest grocery store chains in the United States, threatens potentially thousands of jobs. The merger is still up for review by regulators and there are legal challenges against it, but should it be approved, it will be a boon for large investors and a bloodbath for workers. With a purchase of Albertsons, Kroger will take control of nearly 5,000 grocery store locations in 35 states around the country with more than 700,000 employees.
Kroger’s argument in favor of the merger is that it will improve efficiency and lower prices, as well as enable chains of traditional grocery stores to compete with the rapid rise of Amazon as a major player in grocery sales. Amazon is predicted to reach more than $40 billion in grocery sales by 2024.
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