GMB DEMANDS URGENT MEETING WITH WALMART OVER £12 BILLION ASDA STOCKMARKET FLOAT

Walmart needs to remember they are playing with people’s lives while they try to make billions on the stock market.

GMB, the union for ASDA workers, has demanded an urgent meeting with Walmart over a rumoured £12 billion stockmarket float.

Walmart, Asda's US owner, has said it is “seriously considering” a stock market flotation for the UK supermarket after the chain's deal to merge with rival Sainsbury's was blocked. [1]

GMB has written to Walmart bosses today to demand reassurances on the future of the company and the 60,000 workers who helped build the supermarket empire.

Asda has reported seven quarters in a row of like-for-like sales growth.

Gary Carter, GMB National Officer, said:

“We have called for an urgent meeting with Walmart bosses.

“GMB’s tens of thousands of ASDA members have had enough uncertainty – they need to know that their futures are safe and secure.

“Walmart needs to remember they are playing with people’s lives while they try to make billions on the stock market.

“Asda needs to work with GMB to sort the contract debacle causing uproar among the workforce before any float takes place.

“Any new investors must realise Asda is a profitable well-run company thanks to our members’ hard work."

ENDS

Contact: Gary Carter on 07738 958140 or GMB Press Office on 07958 156846 or at press.office@gmb.org.uk

Notes to editors:

[1] https://www.independent.co.uk/news/business/news/asda-stock-market-float-share-sale-sainsburys-merger-fails-a8914376.html?utm_medium=Social&utm_source=Twitter#Echobox=1557907215

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