Wal-Mart closings a shock to many, but predicted by experts
Wal-Mart Stores Inc. will close six Walmart Express stores in north Mississippi, impacting nearly 180 workers.
But the company said it will offer those employees jobs elsewhere if available.
“Our goal is to place as many associates as possible who would like to continue with the company at other nearby locations,” said company spokeswoman Anne Hatfield. “We will be giving impacted associates priority for open positions at other nearby stores. We expect that some associates will transfer to another location and others will take severance and pursue other job opportunities. As we’ve seen with other store closures in the past, the majority of associates who wished to transfer were able to.”
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Shocking? Wake up, open your eyes, this country is falling apart economically.
ReplyDeleteWhat goes around comes around.
ReplyDeleteYou CANNOT operate the way Walmart has for decades and expect to prosper.
Eventually, even the incurably-stupid will get fed up.
Looking at the Baltic Dry Index were in for some doom.
ReplyDeleteThis is great! For every $9/hour employee laid off we can add 100 ¢9/hour child labor jobs to China. That's progress.
ReplyDeleteCan't sustain a retail operation when you're paying employees the same as other local businesses. Retail, by economic definition, is lower on the scale. When wages are decreed to be higher, failure is predictable.Watch how many McDonalds close when the burger flippers get $15/hr.
ReplyDeleteHey, those mom and pop local grocery stores will flourish, right?
ReplyDelete