As Negotiations Open in VA, Kroger Reports Record Profits

Kroger earned $2.4 billion in profits in 2015, setting an all-time record for the prosperous company and "putting the lie to its bargaining-table cries of poverty," says UFCW 400, which is in the midst of bargaining with Kroger over a new contract in the Roanoke region. “With apologies to Dickens, this is ‘A Tale of Two Stories,’” said Local 400 president Mark Federici. “To its investors, Kroger proclaims, ‘It’s raining money!’" said Federici. "To Local 400 members at the bargaining table, Kroger cries, ‘The sky is falling!’” The current contract expires April 2nd. Read more here.
photo: Kroger bargaining committee

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