See this article. Mackey has long been anti-union because he is "beyond" unions due to his workforce being so happy. Turns out not so much. They are cutting 1500 jobs, mostly the higher-paid supervisors, due to lower than expected earnings. Previous supervisors must now do the same work at lower wages. Stores are being incentivized to reduce the full-time work force and increase part-time workers.
Why the lower earnings? Their reason? To lower prices and upgrade tech. Real reasons? The various scandals they've been involved in, like overcharging and using prison workers. Another is that 6% of its stock is owned by Goldman Sachs, a key player in the financial meltdown. What WF is doing is standard operating procedure for such capitalists. If the top isn't getting the big payoffs due to falling profits that is their fault then the bottom workers must be the ones to suffer. So much for their so-called conscious capitalism.
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