Reuters: Kroger, Albertsons unions, antitrust experts urge FTC to block merger -letter
Kroger Co’s (KR.N) acquisition of Albertsons Companies Inc (ACI.N) could exacerbate income inequality through job losses and eroding wages at a time of high inflation, a group of the retailers’ biggest unions and antitrust experts wrote in a letter seen by Reuters on Thursday.
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Twenty-six organizations undersigned the message, including the American Economic Liberties Project, Center for Economic and Policy Research, along with seven UFCW local chapters representing more than 100,000 Kroger and Albertsons’ workers.
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