CMA BLOCK ON SAINSBURY'S TAKEOVER WILL REASSURE TENS OF THOUSANDS OF ASDA WORKERS SAYS GMB
‘Time to move on’ says ASDA workers’ union as CMA blocks proposed merger
GMB, the trade union for ASDA workers, has welcomed today’s ruling by the Competition and Markets Authority (CMA) which blocks a merger with Sainsbury’s.
In their final report today, the CMA said it had "prohibited the Merger in its entirety".
Thousands of workers and shoppers signed a GMB petition urging the CMA to ‘protect our communities and people’s livelihoods and block the merger’.
Today’s decision will provide reassurance for tens of thousands of GMB ASDA members who have been worried about their futures since the merger was announced last year.
Tim Roache, GMB General Secretary, said:
“For Asda workers, this is the right decision after the CMA's provisional findings.
"Swathes of stores and depots would have to have been sold off, with jobs put at risk and no real benefit for customers or communities.
"The workforce has been through months of uncertainty, worrying about what’s going to happen and wondering if their stores or depots would be sold from under them.
"It’s time for Asda to move on, and to give some stability and security to the staff who work day in, day out to make the company profitable.”