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1 of 1- Just Fred
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Walmart Giving Raises
Ok, that sounds great. Hourly wage increasing to $11/hour due to (they say) the tax breaks they are getting. Hooray for the workers.
Now we have this the day after they made the announcement:
Walmart is suddenly closing several Sam's Club stores across the US.
Closures were reported by local media in Texas, New York, New Jersey, Indiana, Arizona, Alaska, and elsewhere.
In some cases, employees were not informed of the closures prior to showing up to work on Thursday.
Instead, they learned that their store would be closing when they found the store's doors locked and a notice announcing the closure, according to reports.
Walmart and Sam's Club did not immediately respond to a request for comment.
Last edited by Just Fred (1/11/2018 1:28 pm)
- Just Fred
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Re: Walmart Giving Raises
Walmart announced it is closing 63 Sam's Club Stores affecting approximately 10,000 workers. That should cover the raises given to the hourly workers in their Walmart stores.
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Thread Starter- Goose
- Cogito ergo sum
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Re: Walmart Giving Raises
Walmart employees are eligible for the $1,000 bonus only if they’ve worked at the company for 20 years. Most Walmart employees, of course, haven’t worked there that long. Those employees will receive a smaller bonus based on seniority. Walmart didn’t explain exactly how the sliding scale will work, but said the total value of the bonuses will be $400 million. Walmart has about 2.1 million employees, which works out to be an average bonus of about $190.
The one-time bonus Walmart announced this morning amounts to just over 2 percent of the total value of the tax cut to the company.
We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists.
- Goose
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Re: Walmart Giving Raises
We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists.
- tennyson
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Re: Walmart Giving Raises
The sheeple are so easily fooled !
"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
- Just Fred
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Re: Walmart Giving Raises
Wait! It gets better:
On Friday, there was news of more pain for Walmart workers. The company confirmed to Business Insider that about 3,500 “co-managers” will be laid off across the country. They will be replaced by new, “assistant manager” positions, which would have a lower salary. The laid off workers will be able to “apply” for these new jobs.
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Thread Starter