Friday, April 27, 2007

Wal-Mart Tightens The Belt At Sam's Club

Bloomberg: Wal-Mart Will Cut 1,200 Management Jobs at Sam's Club
April 26 (Bloomberg) -- Wal-Mart Stores Inc., the world's largest retailer, will cut 1,200 salaried jobs at its U.S. Sam's Club stores by using fewer managers with more responsibilities.
About 3,000 jobs will be condensed into 1,800 positions with higher pay, spokeswoman Susan Koehler said today in an interview. The change will improve customer service by making operations more efficient while adding to labor costs, she said.
The affected managers have until May 2 to accept jobs elsewhere in the company or take severance packages, Koehler said. The company expects about 250 employees will take buyouts.

It is a consolation that the remaining 1,800 managers whose jobs will now officially suck even more are recieving greater compensation, and might now even crack the $30K ceiling.

Fortunately for any Sam's Club managers who were afraid that their seven years at ninja college might go to waste there are immediate openings in Wal-Mart's International Intrigue Division.

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