5 ms·

A bunch of our local Albertsons turned into Hagans as well, including the one near my house- in the days before the changeover, Albertsons swapped out all of th

by evan_ 4y ago

A bunch of our local Albertsons turned into Hagans as well, including the one near my house- in the days before the changeover, Albertsons swapped out all of the old and broken refrigeration units from the remaining stores with working ones from the soon-to-be-Hagans. They've since gone back to being Albertsons so I don't know what the point of any of it was.

specialist 4y ago
Sometimes it's union busting. Something about a change of ownership resets or moots the relationship.
- happyopossum 4y ago
  No need to speculate, the article clearly outlines the reason behind all of this - it was an FTC mandate that failed.
  - specialist 4y ago
    Article quotes Haggen's blame. I'm quoting my friend who was CFO for a regional chain. Stuffing Labor is just as loathsome as private equity stuffing all other stake holders. Though I'm certain Labor suffered during the last debacle, I'd accept that it was just a happy side effect and not the primary motivator. Prior covert Union busting is worth noting given the corptocracy's current well publicized jihad against Labor.
    - dendrite9 4y ago
      The Haggen's purchase of the other stores was paid for by selling the real estate of a number of the stores, then leasing. https://www.seattletimes.com/business/retail/haggens-risky-expansion-largely-bankrolled-itself/ https://www.seattletimes.com/business/retail/haggens-risky-e... There also were some union shenanigans mentioned in this article. A happy side effect is probably the right description. https://www.heraldnet.com/business/inside-the-haggen-grocery-chains-spectacular-acquisition-failure/ https://www.heraldnet.com/business/inside-the-haggen-grocery...
- projektfu 4y ago
  Kroger and Albertsons employees are both represented by the UFCW so it'll probably be pretty union-neutral. The Safeway employees were also UFCW I think before the merger.
  - specialist 4y ago
    Interesting. I'd've guessed that contracts are negotiated per owner. But I don't actually know. I will ask my buddy (former CFO). My old neighbor was a union organizer. eg had bumper sticker that said "QFC: Rewarding hard work with low wages." He explained to me that new owners Kroger were roughing up the smaller QFC union before going after Fred Meyer's. Aside: So sad. I grew up with QFC. Beloved. Kroger sucked it dry. I understand why QFC had to sell out. Those who didn't got ploughed under. But it's still unfortunate.

by evan_ 4y ago

specialist 4y ago

Sometimes it's union busting. Something about a change of ownership resets or moots the relationship.

happyopossum 4y ago
No need to speculate, the article clearly outlines the reason behind all of this - it was an FTC mandate that failed.
- specialist 4y ago
  Article quotes Haggen's blame. I'm quoting my friend who was CFO for a regional chain. Stuffing Labor is just as loathsome as private equity stuffing all other stake holders. Though I'm certain Labor suffered during the last debacle, I'd accept that it was just a happy side effect and not the primary motivator. Prior covert Union busting is worth noting given the corptocracy's current well publicized jihad against Labor.
  - dendrite9 4y ago
    The Haggen's purchase of the other stores was paid for by selling the real estate of a number of the stores, then leasing. https://www.seattletimes.com/business/retail/haggens-risky-expansion-largely-bankrolled-itself/ https://www.seattletimes.com/business/retail/haggens-risky-e... There also were some union shenanigans mentioned in this article. A happy side effect is probably the right description. https://www.heraldnet.com/business/inside-the-haggen-grocery-chains-spectacular-acquisition-failure/ https://www.heraldnet.com/business/inside-the-haggen-grocery...
projektfu 4y ago
Kroger and Albertsons employees are both represented by the UFCW so it'll probably be pretty union-neutral. The Safeway employees were also UFCW I think before the merger.
- specialist 4y ago
  Interesting. I'd've guessed that contracts are negotiated per owner. But I don't actually know. I will ask my buddy (former CFO). My old neighbor was a union organizer. eg had bumper sticker that said "QFC: Rewarding hard work with low wages." He explained to me that new owners Kroger were roughing up the smaller QFC union before going after Fred Meyer's. Aside: So sad. I grew up with QFC. Beloved. Kroger sucked it dry. I understand why QFC had to sell out. Those who didn't got ploughed under. But it's still unfortunate.