In the Matter of Staples/Essendant, Inc., File No. 1810180 #02211

Submission Number:
02211
Commenter:
N Givens
State:
Kentucky
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
I strongly urge you not to permit the merger of Staples and Essendant, Inc. When existing profitable companies merge, the result is less competition and a higher likelihood of job loss and even the company closing. This can be devastating for consumers and employees. A common practice is, after the merger, to load up the company with debt while slashing wages, benefits, and jobs - all to make more money for wealthy investors at the expense of consumers and employees. In the case of Toys 'R Us, highly profitable before it was taken over, the company ended up closing entirely and thousands of workers lost their jobs and pensions. This is not right and it is not good for the American marketplace. Please do the right thing and vote not to permit the merger. Thank you.