Tuesday, February 10, 2009

The Morning News interviews public officials, business men about Walmart layoffs

The Morning News interviews public officials about Walmart layoffs

Will Walmart stock rise Wednesday, Thursday or Friday? Reduction in the home-office workforce means more profit. Those laid-off workers don't all buy many Walmart goods. The hourly folk in the stores shop where they work, and reducing their numbers drastically would actually reduce customer service and satisfaction and thus sales. So don't sell your Walmart stock and don't stop buying what you need.

The Morning News
Local News for Northwest Arkansas

Layoffs Rattle Northwest Arkansas
By Dan Craft & John Gore
The Morning News
The announcement that Wal-Mart and Sam's Club are laying off up to 800 employees thundered through the area Tuesday.
Businessmen, chamber of commerce and government officials said Northwest Arkansas received a dose of reality.
"We need to diversify our job base so that a hit at one big company doesn't hurt quite so bad," said Fayetteville Mayor Lioneld Jordan.
In the long run, Wal-Mart will add jobs in Bentonville at some point, although when that happens and what types of positions will be hired are unknown, said Kathy Deck,director of the Center for Business and Economic Research at the Sam M. Walton College of Business at the University of Arkansas.
"Nothing's ever permanent in the business world," she said. "Wal-Mart will absolutely be hiring in Northwest Arkansas again."

1 comment:

Anonymous said...

The sky is falling! Where is Jonah to analyze this for us?