UNION

GMB demands urgent meeting with Walmart over £12 billion Asda float

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15 May 2019
Press Office

Press Office

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

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.

 

Asda

 

“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."

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