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‘Stores will close’ if Asda and Sainsbury’s merge

April 28, 2018

Sky News exclusively revealed on Saturday that Asda’s owner, Wal-Mart, was in advanced talks with Sainsbury’s about a shock £10bn tie-up that would create ‎a more powerful rival to Tesco, the current UK market leader.

Joe Clark, national officer for Sainsbury’s at the union Unite, told Sky News the potential deal was an “absolute shocker”.

Asked about how stores might be affected, he said: “Obviously, if you’ve got stores in close location to one another, stores will close.”

‘Stores will close’ if Asda and Sainsbury’s merge‘Stores will close’ if Asda and Sainsbury’s merge

He added that the deal, if it went ahead, would have “severe implications for the workers within Sainsbury’s and within Asda”.

Mr Clarke said Unite was asking for “senior level discussions” with both companies “immediately”.

A potential merger had “implications for tens of thousands of jobs”.

“There’s 350 people working in any given store,” he said, adding that the companies had to “consider the people they employ”.

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