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I have a lot of friends who work for Safeway. They now take every step with trepidation. They know that their jobs are at risk, but this the new reality. This is what is,6 years into the Obama presidency.
Huh?
Were there no mergers or buyouts prior to the Obama presidency?
Really?
We sort of encourage presidents to tackle the job problem and then blame them if they don't. Take for example the last campaign, how many times did we hear Obama/Romney say I have proposals to create jobs and move the economy forward. Ask your self when and why has the president become a job killer or creator?
I wish some one would run and say nothing about jobs which they have very little control over anyway. I wish they would just say they will make their agenda known, they will submit a budget and veto and sign bills. In reality that is all the president does anyway except foreign policy that they make a mess of.
The extent of the President creating jobs in this economy is simply expanding government jobs. That is about the limit to the President's actual ability.
Obama has actually cut public sector jobs, mostly due to immense pressure by the right wing and their deficit obsession.
Obama is far too busy playing golf and getting hung up on by Putin to somehow engineer a grocery chain takeover.
And I remember when Safeway took over the local Alaska Carrs grocery chain, the employees of Carrs had many of the same complaints that Safeway employees are making now. Any time you are taken over by another corporate structure there is a lot of uncertainty. It's happened to me several times. If you are good at your job the new bosses keep you, and if you aren't they will use this opportunity to allow you to explore other avenues of employment.
Yeah....they bought it to turn around and sell it to Albertsons. This is business as usual for private equity firms I don't understand how this is related to Obama's policies. The same thing has happened for longer than any of us have been alive and will continue to happen long after we're all dead.
or Kroger.
Safeway is a big box, publicly-traded, grocer.
The writing has been on the wall for a long, long time. The Safeway brand has been deteriorating for 15 years in the face of competition, Costco and Walmart and higher end food specialty stores.
Jana Partners, a hedge fund and activist shareholder extraordinaire, is a significant Safeway shareholder and calls the shots. Their objective is simple, ROI.
Cerberus is one of many, many distressed market investment firms. Bain Capital ring a bell?
Cerberus says jobs are safe, for now.
Does anyone still remember when KKR took Safeway private during the era of greed when Reagan was President and they gutted the pension plan? Republicans tend to forget stuff like that.
I remember it. My friends who worked for safeway did just fine in that era. Good working conditions, decent pay and benefits. People retiring in their early 50's. That is all gone in 2014.
Much has changed in 30 years.
Back then, unions protected the jobs and a cashier could make enough to modestly support a family.
Technology and competition changed the jobs. Cashiers scan groceries and all stores have self check-outs/bag your own stations. The jobs began trending part time so that employers could optimize scheduling and avoid paying OT.
Walmart closed a store in Canada when the employees voted for a union.
Walmart deals with substantial employee turnover because the revolving employment door is not conducive to organized labor gaining a foothold.
The extent of the President creating jobs in this economy is simply expanding government jobs. That is about the limit to the President's actual ability.
Obama has actually cut public sector jobs, mostly due to immense pressure by the right wing and their deficit obsession.
The sector that has experienced the most job eliminations is government, federal, state, county and municipal.
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