Plus, Kroger braces for layoffs, and more news to start your day
from the Specialty Food Association, a trade association of food vendors and importers, the industry is on edge about how this will all shake out. “We have been trying to shed light on the fact that taxing American consumers on food products is not the right answer to [the EU’s subsidies],” said Thomas Gellert, president of New Jersey specialty food importer Atalanta. “It not only impacts consumers, but many companies and many jobs as well.
Indeed, it seems likely that specialty import stores will take a hit, as well as restaurants that specialize in European cuisine or wine. The rest of us, meanwhile, have two weeks to stock up on as much Parmigiano Reggiano and Balvenie as possible.Kroger, the unionized grocery chain that owns Harris Teeter, Ralphs and others, is going to be laying off hundreds of employees, most likely those in middle management. It’s facing increased competition from discount grocers, and from online retailers.
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