12 ms·
I've only seen one of these stores while traveling, and it seemed to target the small township due to it being the only one in town. So my guess is that a priva
by vortico 11y ago
I've only seen one of these stores while traveling, and it seemed to target the small township due to it being the only one in town. So my guess is that a private individual will take advantage of their closure by buying their property after liquidation, and so the employees will simply switch employers. This is why I'm not bothered by the "16,000 workers losing their jobs" statement.
- maxerickson 11y agoThe text in the article is The store closures are to affect 16,000 jobs internationally, some 10,000 of those positions in the United States. Looking at the Walmart press release, there is apparently a real difference, as they will try to give many of those employees positions in nearby stores: http://news.walmart.com/news-archive/2016/01/15/walmart-continues-sharpened-focus-on-portfolio-management http://news.walmart.com/news-archive/2016/01/15/walmart-cont... In total, approximately 16,000 associates will be impacted by the decision, about 10,000 of them in the U.S. More than 95 percent of the closed stores in the U.S. are within 10 miles on average of another Walmart, and the hope is that these associates will be placed in nearby locations. Where that isn’t possible, the company will provide 60 days of pay and, if eligible, severance, as well as resume and interview skills training. Whether with Walmart or elsewhere, the company’s objective is to help all associates find their next job opportunity.