Wal-Mart workers prepare to strike
The company faces uncomfortable questions about how it treats employees ahead of the important holiday season.
It is under pressure from Wall Street to improve its lackluster sales ahead of the important holiday season. Wal-Mart, the country's largest private-sector employer, has battled efforts by unions to organize its workforce for years, and has filed a complaint with the National Labor Relations Board to stop the labor action aided by the United Food and Commercial Workers International. Media reports say that a decision by the NLRB isn't expected before Thursday's Thanksgiving holiday. Union-backed OUR Walmart, has fired back at the company, accusing it of "illegally attempting to deter workers from participating in strikes against the world's largest retailer on Friday," according to Reuters.
But even if it wins the latest battle, the Bentonville, Ark., company may lose the war over the long term as tries to protect its brand.
The company brags about its low prices. But many shoppers probably don't think much about how Wal-Mart makes this slogan a reality, which may start happening given the publicity the strike is getting. The average Wal-Mart associate earns about $8.81 an hour, or a yearly wage of about $15,500, meaning that hundreds of thousands of the company's workers live below the poverty line, according to unions.
Our Walmart is seeking wages of $13 per hour, and is calling on the company to make full-time jobs available for employees who want them. The company disputes these characterizations and says on its website that it offers "competitive wages, good benefits and the chance to grow and build a career."
States worried about the growing costs of Medicaid have pressued Wal-Mart for years to improve worker benefits. In response, the company offered some benefits to those working less than 24 hours per week, only to reverse course last year and decree that new part-time employees would no longer get benefits and that people working 24 hours to 33 hours a week can no longer include their spouses in their coverage, though children are allowed.
Data from unions indicates that Wal-Mart employees are the largest recipients of government assistance among those that are employed in a huge number of states. That means that taxpayers are on the hook for these benefits to the tune of more than $1 billion.
Though it's unlikely the strike will put a dent in Wal-Mart's profits, some customers may start to wonder whether the company's low prices are worth the costs born by its employees.
--Jonathan Berr does not own shares of the listed stocks. Story is updated to provide details on the possible timing of a strike. Follow him on Twitter @jdberr.
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Just let Wal-Mart start its own bank and branch at will into its stores.
Watch the fireworks when Wall Street screams foul at that sucking noise of their retail customer base.
Hey Walmart employees.
Why don't you ask one of the 18,500 Hostess employees how their strike went?
8% pay cut?
"Nah, I'd rather take a 100% cut, thanks."
Merry Christmas........ you're fired.
All of you freakin bleeding heart, lazy a#$ liberals will never be satisfied until you bring this country to its knees in one big socialist tsunami. If you don't like it, don't work there. If you disagree with them, don't shop there. Take you pink a#$ commie union loving business else where. And just let those who believe in work, capitalism and propering alone. I sincerely wish we could just divide this nation into two seperate countries. All union loving illegal alien supporting socialists could have one country of their own. And the rest of us could have ours to live in propsperity and peace. Guess which one would would prosper, and which would turn into a third worls craphole in one generation?
It will do no good, unless the WalMart customers BOYCOTT WalMart in support of their employees!!
We, the 99% American People, WANT WalMart to PROSPER, but we want them to share it with their employees! The Waltons can't take it with them to NEVER, NEVER LAND, so why not share it????
As one person said the aver hr wage is bout 9$ / hr BUT most employees only get 32 hrs or less a week. and unless you work 34 or more your spouse isnt covered by insurance. ALSO if one works thanksgiving they get paid for the holiday at a pro rated amount (ie if ur aver weekly hrs is 32 you get 32/40 pay, about 6 hrs for the day
But then you are scheduled an extra day off so no one ever gets any overtime.
walmart also says they pay profit sharing!!!! !THATS A LIE profit sharing is done store by store depending on that stores profit. I know of a store that never got a profit share for over 6 yrs.
Maybe Wal-Mart should consider starting a fund inside each store to raise money to pay their employees more. They can have a "donation" option for every customer when they check out. I wonder how much money they would raise?
It's a very simple fact of life when it comes to work:
IF YOU WANT BETTER PAY, FULL-TIME HOURS, & MORE OR BETTER BENEFITS, you increase your value to the employer by getting MORE education/skills/training than what you have now. THAT, along w/longevity/tenure, is what gets you pay raises, NOT bringing union goons into the picture.Unions are nothing but blood-sucking parasites that eventually kill its host (anybody heard of Hostess? just the most recent example; there's many more, like GM, Bethlehem Steel...) They have long since outlived their usefulness. They have no business whatever trying to organize Wal-Mart workers, the result of which will be pay rates for unskilled labor that's far above the market.
IF YOU DON'T LIKE YOUR JOB @ WAL-MART OR ANYWHERE ELSE, QUIT IT & FIND ANOTHER ONE! And,when you DO, maybe you should get off your lazy carcass & go to school for training for a job that is FULL-TIME, pays better, & includes benefits!
NOW THAT IS DELUSION
- Mindless, undereducated, inexperienced U.S. university liberal arts graduates would take the jobs and the ensuing mismanagement would drive the companies out of business and drive unemployment up.
Meanwhile - the capable executives would move to freer markets like Singapore or Switzerland and start new ventures that would grow those economies.
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