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Wal-Mart Stores, Inc. (NYSE:WMT) Faces More Scrutiny Over Job Losses Tied To Store Closings

Wal-Mart Stores, Inc. (NYSE:WMT) is facing layoff inquiries by its workers who stood up against the company for the recent closure of five stores that the company owns.

The workers claimed that the company’s move to close the five stores was retaliation against workers at thePico Rivera Walmart, due to their protest in advocacy for better pay and better treatment. The closure was termed as retaliatory because more than 500people lost their jobs. Additionally, the decision seemed shady because the company claimed the closure was to allow for plumbing and repairs.

The retail company made its official report about the closure of the five stores. In the statement, it reported that the five stores will be closed temporarily. Two of the closed stores are located in Texas, one in Florida, one in Oklahoma and another in California. The company notified the workers that they were going to lose their jobs. Despite the employee layoffs, the company issued twomonths’ worth of pay to both temporary and permanent employees.

 The workers were given the option to transfer to different Walmart stores where they can apply for new positions. Former permanent employees who will not be lucky enough to secure jobs at other Walmart stores will receive golden handshake packages as of June 19. Part time workers will not benefit from this service.

One of the company’s spokespersons said that the decision to close those stores was made with careful consideration for the company’s future. Additionally the new renovations are expected to allow the stores to give better quality services to customers. The company’s representative also said that the plumbing systems were assessed and reported to have gone through extensive damages that required broad repairs.

Despite complaints from the workers of targeted stores, the company maintains that the repairs are part of the evaluation strategy. Walmart did not make any comments on whether the company would rehire the laid off workers when it reopens the stores.

Published by Christine Lawrence

Christine Lawrence is a financial analyst. She loves analyzing socioeconomic trends in the background of financial moves. She has overall seven years of experience in Auditing, Finance and Writing.

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