NEW YORK (AP) — Wal-Mart says it is asking some stores to schedule workers for fewer hours, although it says the directive is only being given to stores that are assigning more hours than they were expected to.
The world’s largest retailer said the instructions apply only to a small number of its 4,500 U.S. locations that are scheduling workers for more hours than expected.
Wal-Mart said Monday it spoke to store managers about controlling costs earlier this month at a holiday-season planning meeting. Managers who have been scheduling workers for too many hours were reminded to schedule closer to their allotted hours.
“Managing hours is a routine part of running a sustainable operation, and in select number of stores, it requires keeping those hours to what was originally budgeted,” Wal-Mart said.
Wal-Mart’s second-quarter profit fell 15 percent, partly because of pay raises, efforts to overhaul its stores, and investments in its online operations. The changes did help its sales, however.
The Bentonville, Arkansas-based company raised its minimum wage to $9 an hour in April and plans to raise it to $10 an hour by February.
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6 comments:
Wal-Mart's stock is down, although many companies are, I am sure increasing the minimum they pay their employees was not a factor right??????????????????
Wal-Mart's stock is down, although many companies are, I am sure increasing the minimum they pay their employees was not a factor right??????????????????
Yeap. Noticed that. Also was ironic because after reading of the Hudson Trail closing I thought there isnt a lot that I really want clothing wise from.them.
Socialism never works, if it has then please name a society where it worked.
Democrat's are killing the working class.
Nope. Besides, Marylands minimum law is unlikely affectng a global company. Theyd only get it back anyhow.
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