by Golgo13 » Thu 30 Jun 2005, 17:38:52
$this->bbcode_second_pass_quote('UncoveringTruths', 'W')hat caught my eye is the fact that Wal Mart has instructed it's management to cut back on the budget.
Yep. It's the reason I lost my job at a new location they built recently because they were really grasping at straws for reasons to get rid of me and it was pretty transparent that they were canning employees and didn't want to admit it. I was also due for a raise as per company policy in a few days since I was coming up on 90 days of employment.
Ever since then they've been shifting workloads onto a smaller employee base. A friend of mine started off as a cashier and now they have him as cashier, doing carry-outs, and stocking batteries/candy/sodas in the soda machines.
The guy that used to stock sodas got canned (he was coming up on 90 days and due for a raise as well) so they just shifted the workload onto my friend, and since he's such a good workhorse and has somehow been able to get all the stuff done, they're probably going to keep him around since he's doing the work of 5 people.
Home Office also has a rule that every Wal-Mart store, every year after opening, has to reduce payroll by 1/7'th of a percent every year. While they don't tell the store managers to fire those due for raises or their higher paid employees, it puts pressure on them to do just that.
And as far as those electric carts go, each one of them costs the company $6,000 and Wal-Mart tries to cut costs at every corner.
An interesting bit of information I couldn't help but extrapolate into the future:
When I was hired and they called our group in for orientation, they showed us their anti-union propaganda films and encouraged people to buy stock instead of paying union dues (Wal-Marts that get unionized tend to shut down pretty quickly). They were playing the tape on one of those VCR/TV combo things. As soon as the tape hit the end, it stopped and rewound the tape. as the tape stopped, the TV automatically switched back to it's line-in cable signal and it was this program they have on called "Wal-Mart TV" in which company spokesmen were talking about company performance.
It was on long enough and at just the right time for me to catch a blurb about one of the analysts stating that the company was doing ok but that their stock had come down mainly due to
high oil price which they could not control, but all in all things were going stable.
Every week I worked there the stock price just kept dropping and dropping.
You take that to it's logical end (high price of oil hurts Wal-Mart, and it should since they are the largest users of trucking in the world), and it's pretty obvious what's going to happen to them as the price keeps going north.