A proposed deal between two of the biggest grocery chains in the U.S. — Kroger and Albertsons — has many thousands of workers worried about losing their jobs. It also raises the possibility of more food deserts and worsening food prices.
Grocery prices have already risen by nearly 12% in the latest capitalist inflation crisis. If the deal goes through, the new corporation will control 20% of the U.S. grocery market with 5,000 stores in the 48 contiguous states.
Corporate mergers are always followed by a period of consolidation of assets. That means closures of some stores and layoffs. Both Kroger and Albertsons have a history of disregarding workers’ rights and turning their backs on the communities that have brought them billions of dollars.
