Albertson buyout

Just curious about what happens to the 240,000 employees if the company is sold and broken up. Rumor is the exec's wont be hurting only the little guys. H'mmmm another Enron maybe.

Trashy wrote:

Just curious about what happens to the 240,000 employees if the company is sold and broken up. Rumor is the exec's wont be hurting only the little guys. H'mmmm another Enron maybe.

Well we dont know anything only what the news said. I think they are hideing stuff from us. They keep telling us not to worry. But how can you not worry if you dont know if you will have a job next week.

Trashy wrote:

Just curious about what happens to the 240,000 employees if the company is sold and broken up. Rumor is the exec's wont be hurting only the little guys. H'mmmm another Enron maybe.

Has anyone considered how this might effect all of the retired employees that draw their medical coverage from the open stores in their unions? What will happen to these ex-employees who cannot afford or who may not qualify to purchase private medical coverage.
Do any of the executives care about the retired employees that made the store what it is? Perhaps they should consider making special considerations for their retirees for their medical coverage before selling the store away......Doesn't business care about their people any more?

Yes is true they dont tell us anything thats going on! However! that is why EVERY employee should have a plan "B" in place. Start dictating your OWN life instead of letting someone else dictate your life. Remember it is not your boss's responsibility to make you money!! It's yours. I dont care how long you've been working for them. Bottom line is, "You have to start working harder on your SELF than you do on your JOB"

Rene Acosta
18 years w/the company

Yes is true they dont tell us anything thats going on! However! that is why EVERY employee should have a plan "B" in place. Start dictating your OWN life instead of letting someone else dictate your life. Remember it is not your boss's responsibility to make you money!! It's yours. I dont care how long you've been working for them. Bottom line is, "You have to start working harder on your SELF than you do on your JOB"

Rene Acosta

Obviously larry Johnstomn has thought of himself with the $42 million he is due upon the sale of the company. Here in Northern california it has all been downhill since Albertsons took over.
As far as what happens to everyone upon the sale, it depends who buys. Many contracts have successor agreements which binds the new company to the existing contract if operations continue. If a holding company buys a division and sells it all off for real estate, then that will be big trouble for evryone.

Joe wrote:

Yes is true they dont tell us anything thats going on! However! that is why EVERY employee should have a plan "B" in place. Start dictating your OWN life instead of letting someone else dictate your life. Remember it is not your boss's responsibility to make you money!! It's yours. I dont care how long you've been working for them. Bottom line is, "You have to start working harder on your SELF than you do on your JOB"

Rene Acosta

Obviously larry Johnstomn has thought of himself with the $42 million he is due upon the sale of the company. Here in Northern california it has all been downhill since Albertsons took over.
As far as what happens to everyone upon the sale, it depends who buys. Many contracts have successor agreements which binds the new company to the existing contract if operations continue. If a holding company buys a division and sells it all off for real estate, then that will be big trouble for evryone.

First, Rene is right on the mark! We all need to think about our own financial security. The best way to impact our family's long term financial well being is to both plan (401k, pensions, personal financial planning) AND to do our best to drive the success of our employers! When they win, we win! If you think that the unions have your best interest in mind, ask them if they can guarantee you will always have job as long as you're a member? Think for yourself and filter through the union-speak, in addition to the company-speak you hear from LJ.
I've been with ABS for only about 2 years, when ABS bought the company I work for (by the way, this company bought the last company I worked) so I know what I'm talking about when I say that if the company is strong, we all can win!!!
As for LJ and his 42-million dollar 'golden parachute' it's a risk/reward thing. All we do is go to work! What people like LJ do is reach for the moon and drive change and growth!! Think about it; it's the American way!! Although 42 million!!!...LJ, do you really need that much?

pablo and marko wrote:

me and your mum mmmmmmmmmmmmmmmmmmmmmmm got it on!

I'm sorry,'you shut up?' What does that mean genius? If you can get your hand out of your pants long enough to form a complete thought, try again!
As for my mother, she isn't into sad, semi-illiterate, shallow-thinkers thanks! Give my regards to you sister!

Agreed!

Rene Acosta wrote:

Yes is true they dont tell us anything thats going on! However! that is why EVERY employee should have a plan "B" in place. Start dictating your OWN life instead of letting someone else dictate your life. Remember it is not your boss's responsibility to make you money!! It's yours. I dont care how long you've been working for them. Bottom line is, "You have to start working harder on your SELF than you do on your JOB"

Rene Acosta
18 years w/the company

Personally, I believe your UNION sold you out! That strike/lockout hurt your company's portfolio and position in the marketplace. You can't as a collective bargaining unit give Wal-Mart and others that opportunity.
I have worked in an unionized retail establishment(25yrs) and every time at contract time. The memebers settled for the upfront cash and gave into concessions that they wish they have back now. The problem with UFCW started back in the 70's and early 80's.
Ask yourself: How can your Union field rep make an annual salary close to twice the going salary of a department manager? They actually make more than some of the non-unionized store management! They don't seem to be having a hard time to make ends meet like most of the dues paying members,

i read with great interest all the comments posted. i sense a tone of fear and uncertainty from each of you. I am a floral manager should they (the company that bought our division) decide we no longer have floral depts I am gone. No they are not telling the associates much of anything mostly because they are not told anything to tell us. the old mushroom job. When I learned of the possible sale back in September I emailed Mr johnston that the news could not have come at a worse time we had just experienced 2 hurricanes that changed our city overnight. I was called into the office for my email and told to be positive that eveything would be fine. Now I wonder how positive those same people are since i suspect that the upper management will be the most affected by the buyout. I see our division president has already been moved and my MEM has taken a job elsewhere. HUMMM

I think that we can thank our wonderful,intelligent andconsiderate President for another round of "MAKE the Big Guys Smile". The employees of Walmart are handed a form from the state when filling out there application.It is a State Medical benifit app. Yes when you go to work at Walmart, you make so little that you qualify for State aid and the welfare Medical Assistance Program. This is why we need unions,contracts,and retirement plans. If we don't there will be none. Bush is seeing that day by day this country is leveled down to third world equality so that the big players stay on top without paying for anything extra.We need to be more aware of things and next time vote for someone with our interests in mind,Don't you think? or don't you?

Trashy wrote:

Just curious about what happens to the 240,000 employees if the company is sold and broken up. Rumor is the exec's wont be hurting only the little guys. H'mmmm another Enron maybe.

Hey Trashy,

I used to live in Edmond!

Well, the sale is still happening and of course nobody knows what's going to happen next. I'm sure there are some long-term plans already formulated.
My guess is (for today): whomever buys a lossing company with no chance of keeping-up WalMart is going to take further advantage of those losses and later sell to a company like Kroger and be restructured.

I guess I stirred a few feelings Huh? well now my next thoughts are what happens to the economy when gas (gets?)
so high that we can't get to work? Would that make it hard on the affluents as well? think about it Americans, and yes I believe the Illegal immigrants have nothing to lose and everything to gain. Hmmm does this sound like the begining of the end, and is there really anything we can do to change it?

I have worked for albertsons for about 6 years by way of Lucky Stores and before that for Vons,so I would like to say that all companys get bought out.In saying that look at the rest of the business world once one buys the other there are ALWAYS layoffs.So to all of you that are down about the recent sale PLEASE hold your heads up,because we as emplyees did nothing wrong.We did everything that the company asked us to do with reservation.Why? Because they asked us to.New policy over and over again.WHY? Because we work for the money and THAT is the only reason.You can make friends anywhere that you have a job.But let me get back to the company of Albertsons.There is certainly something wrong with this company when the stock price has fallen from 33.00 a share to 25.00 and the company is sold at the going rate these days.The fix has been on for a long time.And if LJ has any decent thoughts one of them should be to give all the money from that golden parachute back to the employees that helped to keep this company afloat.

The company is so top heavy with management trying to create jobs for themselves, new policy after new policy,they forgot we sell groceries.
I don't know that change won't be better, the direction were going now isn't helping anyone.
Turn-over in new hires is almost 200% is that something that they should be proud of.Who known's who's in control with this company.
We all should have a back up plan they have
proven that they can't be trusted good luck
every one

Is anyone here involved with off the clock lawsuit and if so have you heard anything as to when this will be paid out. I would think ALbertsons would have to pay all debt before the sale could be finalized. Does anyone have an answer or has anyone talked to any of the lawyers about this. The thing is the lawyers already got their payment. It think it is about time we got ours NOW too.

Joe wrote:

Yes is true they dont tell us anything thats going on! However! that is why EVERY employee should have a plan "B" in place. Start dictating your OWN life instead of letting someone else dictate your life. Remember it is not your boss's responsibility to make you money!! It's yours. I dont care how long you've been working for them. Bottom line is, "You have to start working harder on your SELF than you do on your JOB"
Rene Acosta
Obviously larry Johnstomn has thought of himself with the $42 million he is due upon the sale of the company. Here in Northern california it has all been downhill since Albertsons took over.
As far as what happens to everyone upon the sale, it depends who buys. Many contracts have successor agreements which binds the new company to the existing contract if operations continue. If a holding company buys a division and sells it all off for real estate, then that will be big trouble for evryone.

It is funny that everyone says how bad it got after Albertsons took over the American Stores, and everyone says how bad it got after the American stores were acquired (merged)! The "big shots" of Albertsons and American stores (which were once merged)(then dissolved the merger) have all been playing chess with the employee's lives and benefits. Moving pieces and leaving the employee's benefits in the dirt. They have been making both company's employees think that it was the other company's fault for the downturn ! IT IS THE BIG SHOTS THAT TOOK ALL THE PROFITS (LARRY J. AND BOARD OF DIRECTORS) AND LEFT BOTH COMPANIES BROKER -- LIKE YOUR STOCK BROKER. THE BOARD AND CEO'S AND CFO'S, ETC, ETC ARE ALL A BUNCH OF CROOKS IN MOST CASES. REMEMBER, THE STOCK THAT THEY ARE AWARDED SHOULD BE 144 STOCK AND MUST BE KEPT FOR TWO YEARS BEFORE TRANSFERRING IT TO ANOTHER, OR IT IS TAXABLE AT A HIGHER RATE ! GOOD LUCK EMPLOYEES !! AND MAY L. J BURN IN HELL!

L. J. The DEVIL will award you 42 MILLION chances to GO TO HELL for your evil endeavors. LET IT BE WRITTEN ! LET IT BE DONE !

I think that they should give LJ 42 mil in Enron stock.