Yazman
25th January 2010, 15:29
Source: http://www.bloomberg.com/apps/news?pid=20601087&sid=aMpbHZkczetk&pos=2
Snippet from source: (Click link for full article):
Jan. 24 (Bloomberg) -- Wal-Mart Stores Inc. (http://www.revleft.com/apps/quote?ticker=WMT%3AUS), the world’s largest retailer, will eliminate about 11,200 jobs at its Sam’s Club membership warehouse clubs in the U.S. as it hires an outside company to demonstrate products.
About 10,000 demonstration employees, most part-time, will lose their jobs in the next 30 days after marketing company Shopper Events LLC takes over sampling, Sam’s Club Chief Executive Officer Brian Cornell (http://search.bloomberg.com/search?q=Brian+Cornell&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) said today in an interview. The company also is cutting about 1,200 membership recruiting jobs, or about two in each of the club’s U.S. stores.
Hiring a third party is part of an effort to improve demonstrations and lure customers from rival clubs, Cornell, 50, said. Sam’s, which trails Costco Wholesale Corp. (http://www.revleft.com/apps/quote?ticker=COST%3AUS) in sales, will use savings from labor costs to improve the sampling of food, beverages, health items and electronics, according to the CEO.
“This was not a cost-cutting move,” he said. “The steps we are taking are about differentiation and jumping ahead.”
Cornell, who became CEO (http://www.revleft.com/apps/quote?ticker=WMT%3AUS) in April, told employees about the changes in a memo today. Sam’s Club has about 110,000 workers, according to David Tovar (http://search.bloomberg.com/search?q=David+Tovar&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), a spokesman for Bentonville, Arkansas- based Walmart.
These cuts are separate from Walmart’s announcement on Jan. 11 that it will close 10 Sam’s Club locations and eliminate about 1,500 jobs, Tovar said.
But wait, the recession's over right? LOL. Business as usual, capitalists fucking the people out of our jobs.
Snippet from source: (Click link for full article):
Jan. 24 (Bloomberg) -- Wal-Mart Stores Inc. (http://www.revleft.com/apps/quote?ticker=WMT%3AUS), the world’s largest retailer, will eliminate about 11,200 jobs at its Sam’s Club membership warehouse clubs in the U.S. as it hires an outside company to demonstrate products.
About 10,000 demonstration employees, most part-time, will lose their jobs in the next 30 days after marketing company Shopper Events LLC takes over sampling, Sam’s Club Chief Executive Officer Brian Cornell (http://search.bloomberg.com/search?q=Brian+Cornell&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) said today in an interview. The company also is cutting about 1,200 membership recruiting jobs, or about two in each of the club’s U.S. stores.
Hiring a third party is part of an effort to improve demonstrations and lure customers from rival clubs, Cornell, 50, said. Sam’s, which trails Costco Wholesale Corp. (http://www.revleft.com/apps/quote?ticker=COST%3AUS) in sales, will use savings from labor costs to improve the sampling of food, beverages, health items and electronics, according to the CEO.
“This was not a cost-cutting move,” he said. “The steps we are taking are about differentiation and jumping ahead.”
Cornell, who became CEO (http://www.revleft.com/apps/quote?ticker=WMT%3AUS) in April, told employees about the changes in a memo today. Sam’s Club has about 110,000 workers, according to David Tovar (http://search.bloomberg.com/search?q=David+Tovar&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), a spokesman for Bentonville, Arkansas- based Walmart.
These cuts are separate from Walmart’s announcement on Jan. 11 that it will close 10 Sam’s Club locations and eliminate about 1,500 jobs, Tovar said.
But wait, the recession's over right? LOL. Business as usual, capitalists fucking the people out of our jobs.