Kroger Deal Will Harm Workers, State Treasurers Tell FTC (1)

Seven state treasurers urged the FTC to oppose the $24.6 billion merger between grocery giants Kroger Co. and Albertsons Cos., citing concerns about a reduction in employees’ wages as a result.

In a Wednesday letter to Federal Trade Commission Chair Lina Khan, the treasurers of Colorado, Delaware, Maine, Massachusetts, Nevada, New Mexico, and Washington pointed to a May Economic Policy Institute study that found the merger could result in the loss of $334 million in wages for three-quarters of a million grocery workers across more than 50 metro areas. That’s an average annual wage shortfall of about $450 per ...