About half of the cuts will target salaried assistant managers, and the remainder will be hourly employees at underperforming stores. As of now, the chain has the same number of management positions in every location, regardless of the amount revenue it generates.
"Over the years, we've migrated to a top-heavy structure in our management," Sam's Club CEO Rosalind Brewer told WSJ. "What this does is align the number of assistant managers to the sales of the club and to where our growth areas are."
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6 comments:
I hope they let go Obama voters.
8:51 Me too.
It keeps coming sadly but it's what the voters voted for. Remember they did not want a proven business man.
What a shame.
When you are down to your last 200 BILLION dollars you have to make some tough decisions.
When asked "what about the families of those people, especially in this declining and faltering economy?" the Waltons just laughed and said "F*** 'em".
You got it, 9:17. The people who wanted a 'jobs' president were overruled by the people who wanted a 'freebies' president.
Actually, while there is an impact on the employees (and I've been laid off before so it's never pleasant) they have probably been aware of the surplus overhead for some time.
Baltimore, the 'bury and Princess Anne all have police departments but the patrol and administrative staff needed is not the same.
What Sam's is saying is that they've staffed their 'bury and Princess Anne sized stores as if they were Baltimore, and that continuing to do so can't be justified without jeopardizing many more jobs.
Just the facts. Wish the employees and Sam's well.
WHERE'S ANNIE ON THIS ONE? oh yeah her head is still stuck in the sand on MW.
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