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Union In Talks With Labor Board Over Wal-Mart Stores, Inc. (NYSE:WMT) Issue

The protest in U.S. concerning better pay hasn’t come to an end yet. A union has requested the National Labor Relations Board to ask Wal-Mart Stores, Inc. (NYSE:WMT) to reinstate a few employees at five different stores. As per the reports, it has accused Wal-Mart of closing its stores at multiple locations to fly in the face of those employees who demanded higher wages.

Wal-Mart’s Response To Union:

The issue got the attention of various news channels and unions instantly. As soon as this news hit the electric and digital media, the online retail giant had to come ahead and explain things. As per the reports, Wal-Mart denied all these accusations stating that it had closed those stores for maintenance and renovation issues.

It all started last week when Wal-Mart announced that it had decided to close five of its stores located in Texas, Florida, Oklahoma, and California. The company said that it had to close these stores to get rid of some plumbing issues and nothing else. Wal-Mart also stated that it would try hard to reopen these stores as soon as possible.

Close to 2,200 people work in these five stores; therefore the union was worried about the future of all those employees. The online retail giant said in a statement that there was no basis to execute an injunction. A union named United Food and Commercial Workers International complained to the National Labor Relations Board stating that the online retailer had shut a store in Pico Rivera, California.

The primary reason for closing down the store was nothing but its role in activism. It had been a center of worker activism for some time. The first labor strike for wage hike was initiated here in 2012. The union accused Wal-Mart of closing down other four stores to show its disapproval.

The UFCW is trying to ensure that workers don’t lose their jobs in any condition.

Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.

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