Posted on 03/20/2006 11:39:15 AM PST by iPod Shuffle
Wal-Mart to Hire Up to 150,000 in China
2 hours, 5 minutes ago
BENTONVILLE, Ark. - Wal-Mart Stores Inc. plans to hire up to 150,000 employees in China over the next five years, five times its current work force there, as it expands its number of stores, the company said Monday.
Wal-Mart has targeted China, which has long been a major supplier of its products, as a key region for its international store growth. It now has 56 stores in China with about 30,000 employees and plans to open 20 more stores this year.
Wal-Mart spokeswoman Amy Wyatt declined to say how many stores the Bentonville, Ark.-based retailer will add longer term. Wal-Mart generally only makes public projections one year at a time for its new store plans in the U.S. and internationally.
"We could hire as many as 150,000 (new employees) in the next five years," Wyatt said.
The news comes less than a week after Wal-Mart moved to expand in another fast-growing region, Central America, by taking a majority stake in a local retail chain that it first bought into last September. Wal-Mart took over Central American Retail Holding Co., also known as CARHCO, for an undisclosed price.
Wal-Mart shares rose 94 cents, or 2 percent, to $47.63 in morning trading on the New York Stock Exchange. Its shares have traded in a 52-week range of $42.33 ro $51.76.
Is it Saturday already? *Smirk*
Think there will be protests by non-employess re: job benefits over there?
Wal-Mart approves (labor) unions in China
For Wal-Mart, unions are made in China, too: Why aren't U.S. workers worthy of same organizing?
How does one say in Mandarin 'Welcome to Wal-mart. Would y'all like a cart?'
It will be a lot cheaper for Wal-Mart' to get their inventory at the source.
Why isn't Maryland getting those jobs?
How can this be? I thought Wal-Mart is a subversive element in the U.S.?
Is it called "Great Wal-mart" in China?
You can make jokes all you want Rude, but if they keep outsourcing thier sales to Chinese workers pretty soon you're going to have to drive all the way to China to buy cheap Chinese knock-offs.
Then you'll be sorry!!!!
Indeed. I've been told on FR that no American company can do business in China unless they are majority owned by the Chicom government. Of course, since China supplies 100% of Wal-Mart's products it's like they're a Chinese company already anyway. (ignorance off)
ROFL.........WalMart Ping!!!!!!!!!
Glad to see that you are still above ground. Haven't heard from you lately.
Wal-Mart is expanding in China? I would say that it's time to buy more Wal-Mart stock. China is a huge market, sounds like good business to me.
I was out of town and computer deprived a good bit last week.
Sounds like a good business decision to me as well.
" Just think of the thousands of American suppliers that will now have their products displayed to a billion Chinese folks."
Oops....I must have missed those flying pigs....
900 million Chinese walk in to a McDonalds and they all order the #5 Extra Value meal.
The manager comes out front to talk to them and says,
"Gee, we don't see many Chinese in here."
"And with this atmosphere of hedonistic individualism capitalistically exploiting the labor of the masses and wasting the People's agricultural resources,"
say the Chinese,
"you won't see many more."
I wonder if Marx would approve? Let's ask A.Pole.
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