Kroger to hire 11,000 employees

By JobsFOXBusiness

Charles Payne’s hot stock of the day: Kroger

FBN’s Charles Payne and Nicole Petallides on the day in the markets.

The Kroger Co. (KR) said Tuesday it is hiring an estimated 11,000 employees in its supermarket divisions, including nearly 2,000 management positions.

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This comes after Kroger created 10,000 jobs in 2017 and 12,000 in 2016.

Kroger also said  it is investing  $500 million in associate wages, training and development over the next three years.

Kroger’s latest jobs additions come as the grocery sector is facing increased competition, with the “Amazon Effect,” partly to blame.

"Over the last decade, Kroger has added 100,000 new jobs in communities across America," said Tim Massa, Kroger's group vice president of human resources and labor relations.

Kroger has planned to invest a significant portion of its savings from tax reform in its employees, and the company said that it would announce the details of this plan “this month.”