Wal-Mart Memo Suggests Ways to Cut Employee Benefit Costs:
"An internal memo sent to Wal-Mart's board of directors proposes numerous ways to hold down spending on health care and other benefits while seeking to minimize damage to the retailer's reputation. Among the recommendations are hiring more part-time workers and discouraging unhealthy people from working at Wal-Mart."
"In the memorandum, M. Susan Chambers, Wal-Mart's executive vice president for benefits, also recommends reducing 401(k) contributions and wooing younger, and presumably healthier, workers by offering education benefits. The memo voices concern that workers with seven years' seniority earn more than workers with one year's seniority, but are no more productive." [Internal Memo] [NYT] [AAR]
Yet another reason not to shop at Wal-Mart. When my wife worked at Wal-Mart one summer several years ago, she was paid $7.00 an hour, and employees were forced to actually build the new store. No bonuses, nothing. Now, with this announcement, they want to discriminate on who they hire, and take away their ability to earn and save money for the future.
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