Thursday, February 09, 2006

Wal-Mart Creates Jobs?

Rubbermaid: to meet demands by Wal-Mart Newell Rubbermaid, the largest producer of rubber products in the USA, has closed 69 of its 400 facilities and fired 11,000 workers.

General Electric: Wal-Mart is the biggest outlet for GE manufactured appliances. GE has fired 100,000 US workers and exported the jobs to Mexico and Asia

Levi Strauss: The largest manufacturer of jeans and Docker slacks. After meetings with Wal-Mart it looks like Levi is closing their 4 remaining plants in N. America and relocating the jobs overseas.

Jobs created by Wal-Mart in the USA are low paying and without adequate benefits. When each store is expected to make $75-80 million a year, the money has to come from somewhere.

No comments: