Wal-Mart cutting workers' hours

[onehandle]

Source: Bloomberg via philly.com

Wal-Mart Stores Inc., in the midst of spending $1 billion to raise employees' wages and give them extra training, has been cutting the number of hours some of them work in a bid to keep costs in check.

Regional executives told store managers at the retailer's annual holiday planning meeting this month to rein in expenses by cutting worker hours added beyond those allocated to them based on sales projections.

The request has resulted in some stores trimming hours from their schedules, asking employees to leave shifts early or telling them to take longer lunches, according to more than three dozen employees from around the United States. The reductions started in the last several weeks, even as many stores enter the busy back-to-school shopping period.

Chief executive officer Doug McMillon is trying to balance a desire to improve service - partly through increased spending on his workforce - against investors' pressure to keep profit growing. Labor costs, which rose after Wal-Mart increased its minimum wage to $9 an hour in April, have weighed on earnings, which missed analysts' expectations last quarter. At the same time, Wal-Mart is trying to maintain low prices to fend off rivals.

Read more: http://www.philly.com/philly/business/20150901_Wal-Mart_cutting_workers__hours.html

[Roy Rolling]

1. This sentence says it all:

"Chief executive officer Doug McMillon is trying to balance a desire to improve service - partly through increased spending on his workforce - against investors' pressure to keep profit growing"

They have to ensure that the "desire to improve service" does not improve service too much. In their twisted world, good service pisses off investors.

[C Moon]

2. That name says it all.

[turbinetree]

4. Like this ................................

oligarchy doesn't make enough money for the wall Street banks and the hedge fund managers and there ponzi scheme, and the 5 Walton's owning more wealth than the bottom 90% in this country, and all the workers combined

http://www.glassdoor.com/Salary/Walmart-Salaries-E715.htm


http://walmart1percent.org/family/





You got it, nailed with that quote




Honk------------for a political revolution Bernie 2016

[Plucketeer]

3. My most sincere hope is

that the next person we put in the White House is focused on income inequality and FAIRNESS from corporate - indeed all - employers. These appearance games really get tiresome, Especially after all the BS that's been uttered, for decades, about righting (or is it "Righting&quot things in favor of the little guy.

[Wellstone ruled]

5. McMillion was born with the Silver Spoon

Syndrome. Interesting how this fellow plans to better improve management worker relationships when his image is that of the 1% club. News Flash Buddy!!! Don't give a tinkers damn about what you do,people are broke and your clientele focus are totally fried. When Corporate Republicans have slashed food assistant programs Nation wide,McMillan's Walton Family Enterprise is losing top line dollar sales of 2-3% per month. Cry me a river sucker.

[TexasBushwhacker]

6. Who didn't see this coming?

If a person is scheduled to work, they should be able to work their full shift PERIOD.

[totodeinhere]

7. It's an old trick. Give with one hand and take away with the other.

n/t

[Pauldg47]

8. ...and will be forced to work harder to take-up the slack.