Sainsbury’s/Asda merger ‘no longer viable’, GMB

Sainsbury’s/Asda merger ‘no longer viable’, GMB

GMB has hit out at Sainsbury’s and Asda, branding them as ‘desperate and disrespectful’ after the supermarkets offered to sell 150 stores to get their controversial merger through.

The CMA is currently investigating the merger and has issued damning provisional findings. Gary Carter, GMB National Officer, says: “The CMA’s report gave two options – blocking the deal or selling more than 600 stores. This offer to flog off 150 stores is both desperate and disrespectful. This is people’s lives and livelihoods we’re talking about and GMB openly opposes this move.”

 “It’s ironic both Sainsbury’s and Asda said they didn’t perceive store closures nor job losses when discussions about the merger took place. Their move today shows something quite different, The CMA has made it clear – this merger is no longer viable. GMB will fight to save members’ jobs and to stop this discredited boardroom deal.”

Sainsbury’s did not respond to our request for comment.

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