The CEOs of both Kroger and Albertsons have spoken out about the ramifications of the potential merger deal between the two companies, in an op-ed published April 28 in the Cincinnati Enquirer.
In a joint opinion piece, both Kroger CEO Rodney McMullen and Albertsons CEO Vivek Sankaran addressed what they refer to as the three “myths” of the merger deal — all of which directly address either store employee concerns or consumer concerns.
Here are highlights from each of their three points:
Myth #1: My store will close
We understand the idea of a trusted neighborhood store closing is worrisome. That’s why Kroger committed to zero store closures as a result of the merger, and the company will invest in stores post-merger.
Myth #2: I am going to lose my job and my union will be hurt
No frontline workers will be laid off as a result of the merger. The combined company will have one of the largest unionized workforces in the country. We are committed to protecting and expanding opportunities for union jobs.
Myth #3: My groceries are going to be more expensive
We have seen claims we will lower prices by squeezing farmers. This is simply not accurate. Farmers are the backbone of our business and help put fresh, affordable food on families’ tables daily. When we grow, farmers grow with us.
As a combined company, Kroger and Albertsons will be even more customer focused. We will offer lower prices and more choices on products customers want, need and love.
The latest merger update involves speculation from Wall Street analyst firm Bernstein that Amazon may want to consider purchasing divested stores via the proposed Kroger, Albertsons merger.