By Christine Blank
Source: Seafood Source
U.S. retailer Kroger filed a motion for preliminary injunction against the U.S. Federal Trade Commission’s (FTC) challenge of its merger with Albertsons, one week after confirming it would lower grocery prices by USD 1 billion (EUR 900 million) if the merger is approved.
Simultaneously, UFCW Local 555, a union representing grocery employees,pulled its support for the Kroger-Albertsons merger and voted to strike against Fred Meyer, a Kroger subsidiary.
“While our local [union chapter] was the only local to publicly support the merger of Kroger and Albertsons, we have changed our position as a result of new information as part of the bargaining process,” UFCW Local 555 said. “Kroger’s continued failure to not live up to [its] commitments in current contracts while being given every opportunity is disappointing. We’ve had no other option but to file a federal lawsuit on the matter and withdraw our support for the merger.”
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