Walmart Pulls Devious Two-Step by Pairing Wage Hikes With Mass Layoffs

Protesters hold signs during an anti Wal-Mart rally on City Hall steps on June 21, 2011 in New York City. The protesters called on officials to pass fair pay legislation for women following the landmark Dukes vs. Wal-Mart decision. (Photo: Mario Tama / Getty Images)

Walmart, the US’s largest private employer, announced to much fanfare on Thursday that it is raising the company-wide minimum wage from $10 to $11 — a move eagerly touted by President Donald Trump. However, Walmart didn’t loudly announce that it was, at the same time, moving to shut down more than 60 Sam’s Club stores nationwide and lay off thousands of workers, which the Trump administration did not comment on.

Protesters hold signs during an anti Wal-Mart rally on City Hall steps on June 21, 2011 in New York City. (Photo: Mario Tama / Getty Images)

Walmart, the US’s largest private employer, announced to much fanfare on Thursday that it is raising the company-wide minimum wage from $10 to $11 — a move eagerly touted by President Donald Trump. However, Walmart didn’t loudly announce that it was, at the same time, moving to shut down more than 60 Sam’s Club stores nationwide and lay off thousands of workers.

Sam’s Club is a wholly owned subsidiary of Walmart, and it is named after Walmart founder Sam Walton. According to Business Insider, many of the company’s employees didn’t know they had lost their jobs until they showed up for work Thursday morning.

Following news of the mass layoffs and store closures, ThinkProgress’ Judd Legum argued the timing of Walmart’s wage announcement “was almost certainly not an accident.”

In addition to inflating the generosity of the new bonuses, Walmart appears to have launched its wage hike press blitz “to cover for thousands of unannounced layoffs,” Legum writes.

“It would look very bad to announce dozens of store closures and thousands of layoffs right after receiving a massive corporate tax cut,” he notes, referencing the $1.5 trillion tax plan Trump <a class="colorbox" rel="nofollow" …read more

Via:: Truthout

      

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