When the going gets tough, the fiscally smart cut back - gee, I wish the gov’t could learn from a private sector company that has been very successful. I hated to see my favorite Sam’s Club close, but also see that if its not making a profit, well, it’s gotta go!
But Valerie Jarrett just told us that 0 fixed the economy. I don’t get it.
I don’t know for sure, but I don’t think Wal-Mart/Sam’s Club is obligated to help the affected employees find work with the other company because this is an outsourcing situation of certain jobs, not a direct sale of the company to another company. Might have been nice, but there doesn’t seem to be a requirement.
I think you are correct...the outsource company may not be able to pay Wal-Mart’s wages.
Sam’s Club has been in trouble for a while. There is one store several miles from my home, but another store a little further out closed last year. Sam’s may have a reputation for being cheap, but not necessarily. It also doesn’t carry many of the brands and products you might find at a supermarket or office supply house, or whatever.
And their optical department sux. My brother purchased glasses from the local Sam’s....took five tries to get the prescription right.
Another glorious walmart story.
Well, at least the product-sampling jobs won’t be “outsourced” to India!
Welcome to corporate America. Employees are not considered assets, just expenses.
This is Hope & Change. People voted for this - the leemings watch ball games and reality TV and have no clue what is going on.
“Hey I love watchin college ball & American Idol cause I am a major duba*s.”
Life’s good until reality intrudes and they have seen nothing yet. It is going to get a LOT worse this year.
I like corporations that are lean, mean, competitive, profit-motivated, cost-conscious, consumer-oriented and honest. Sam’s Club and Walmart are all of these.