Wednesday, October 10, 2012

UPDATE: Unions keep plugging at Walmart with demonstrations today

Posted By on Wed, Oct 10, 2012 at 9:13 AM

DAY OF ACTION: Demonstrations planned against Walmart around country today.
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  • DAY OF ACTION: Demonstrations planned against Walmart around country today.

Organized labor has been singularly unsuccessful at cracking Walmart, though unions might argue that some more benevolent personnel policies developed over the years are a product of pressure and lawsuits (think wage-and-hour violations, among others). Nonetheless, the unions haven't quit.

The New York Times reports that protests are planned at Bentonville today for the company's annual meeting with financial analysts. Also, as part of a national day of action, at least 88 employees at 28 stores in 12 states have missed work as part of an action to pressure the retailer in the runup to the Christmas shopping season. Five dozen employees struck at a Los Angeles store last week. A Black Friday demonstration of some sort also is a possibility, the article says.

Walmart dismisses this as a publicity stunt by a tiny number of its more than 1.4 million employees. True on both counts. But not without benefit to the union. See the Times article.

UPDATE: Here's Walmart's report on what it told analysts about the coming year — try to spend a bit less on capital costs, but make more. And pass the savings on to the customer.

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