'Stores will close' if Asda and Sainsbury's merge
Stores will close if Asda and Sainsbury's merge, a union has warned.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 Clarke, national officer for Sainsbury's at the union Unite, told Sky News the potential deal was an "absolute shocker", with "implications for tens of thousands of jobs".Staff were in "utter disarray" and "absolutely shocked", he said, adding that Unite was asking for "senior level discussions" with both companies "immediately".Image:Asda's owner, Wal-Mart, is in talks with Sainsbury'sRetail analyst Natalie Berg said there would "naturally be some job losses" if the deal went ahead, partly because there w...