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Stock impact report

Proposed Kroger, Albertsons merger worries store workers [Yahoo! Finance]

Albertsons Companies, Inc. Class A (ACI) 
US:NYSE Investor Relations: investor.archcoal.com
Company Research Source: Yahoo! Finance
Romero, 60, works at Market Street in Santa Fe — a store brand of United Supermarkets, a wholly owned subsidiary of Albertsons Companies — and has been part of the company for close to 32 years, starting as a courtesy clerk and now a cashier. Her concerns center on a potential merger of two supermarket giants, one that would see Kroger acquire Albertsons in a deal valued at nearly $25 billion. If the deal comes to fruition, Romero said it could bring many unknowns — including a possible loss of jobs and less bargaining power for the union of which she's a member. "It's kind of hard to start somewhere else when you're 60 years old," Romero said, adding she worries about being able to pay bills, such as her mortgage and recent repairs to her home's roof, if she loses her job. "It's not like when you're in your 20s or early 30s," she added. "It's different. That's what's scary. ... I need my insurance and I need to have good health benefits." The Federal Trade Commission, along Show less Read more
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