Kroger Albertsons Merger Announcement Making National News
National news outlets have been reporting on a developing story regarding the plans of a merger between Kroger (parent company of Mariano’s) and Albertsons (parent company of Jewel-Osco).
Combined, these corporations employ more than 700,000 workers in 5,000 stores under different store banners across the country.
A national merger on this scale is extremely complex and has implications for our members, as well as the public. A merger of this scale will be carefully reviewed by government agencies for its possible impact on workers and the public. As such, the merger is far from a done deal. It may take many months to be approved, if it occurs at all, and with input from Local 881 and many other stakeholders.
Our review process has already begun, and Local 881, along with the UFCW International and many of our sister Locals across the country, will meet next week to discuss strategies for how to address the proposed merger. Together we intend to have a voice in how the proposed merger may affect our members and their families.
In addition to working with our sister UFCW Locals, Local 881 will be consulting with our Illinois Senators and Attorney General for their assistance in responding to the proposed merger.
As always, Local 881’s top priority is to protect the livelihoods of our hard-working members. As more information becomes available, updates will be posted on Local 881’s website.
Local 881 has been proud to represent our Jewel-Osco members for decades and likewise, Mariano’s members since day one of their entrance into the Chicagoland market. We have seen the grocery industry evolve and been witness to numerous changes over the years, but none of these changes have ever interrupted Local 881’s mission of providing unwavering service and support for our members.
Now more than ever, we need to stand together. If you have questions, please call the Local 881 office at 847-294-5064. Thank you for your activism and solidarity. It is Local 881’s privilege to be at your service.
Official Company Press Release:
Kroger and Albertsons Companies Announce Definitive Merger Agreement
New York Times:
Supermarket Giants Kroger and Albertsons Plan $25 Billion Merger
Crain’s Chicago Business:
Mariano’s parent to buy Jewel-Osco owner