Wednesday, October 8, 2014

Walmart Ditches Workers

This from Reuters:

Wal-Mart Stores Inc, the biggest U.S. private sector employer, said on Tuesday that its 1.3 million workers would have to pay more for healthcare and it would end benefits for some part-time staff in a move that could prompt other companies to follow suit.

The world’s largest retailer said it would raise health insurance premiums for its entire U.S. workforce beginning in January. In addition, Wal-Mart will end coverage for employees who work fewer than 30 hours a week, a change that will impact 2 percent of U.S. workers, or about 30,000 people.

Because the Walton family is going broke, right?

2 barks and woofs on “Walmart Ditches Workers

  1. Over $3 billion in profit every quarter and they can’t handle health care? They do it because they can and because Americans will continue to shop there no matter how they treat their employees.

  2. This is a hissy fit about Obamacare. Plus we all knew what cheapskates the Waltons are. Daddy made his fortune going low cost and lower and squeezing the suppliers till they had no more blood to shed. The idea that the government would get into the health care biz only inflames the anger they share with the rest of the GOP (see above Cruz posting by BBWW)…..

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