28 Jan 2005

Danish Pension Funds Drop Wal-Mart Stock

by | Date: 28 Jan 2005 | posted in: Retail | 0 Facebooktwitterredditmail

The Danish Confederation of Trade Unions (Landsorganisationen or LO) has announced that all of its pension funds will sell their shares of Wal-Mart stock in opposition to the "Walmartization" of wages and working conditions worldwide. "As the company has such a bad reputation, and a directly anti-human corporate philosophy, we see no other alternative than to disqualify Wal-Mart as an object for ethically responsible investment," said Svend Sorensen, president of one LO-affiliated pension fund.… Read More
1 Apr 2004

Report Finds Wal-Mart’s Low Wages Cost Taxpayers Millions

by | Date: 1 Apr 2004 | posted in: Retail | 1 Facebooktwitterredditmail

Taxpayers are picking up the tab for Wal-Mart’s low wages and meager benefits, according to a new congressional report. Prepared by the Democratic staff of the House Committee on Education and the Workforce and released by Rep. George Miller in February, the report concludes that the federal government is providing an average of $2,100 annually in public assistance per Wal-Mart employee. … Read More
1 Feb 2003

Small Businesses Pay Their Employees. Wal-Mart Doesn’t.

by | Date: 1 Feb 2003 | posted in: Retail | 0 Facebooktwitterredditmail

In December, an Oregon jury found Wal-Mart guilty of forcing employees in eighteen stores to work extra hours without pay. A separate jury will determine damages in the class-action lawsuit. Employees testified that store managers used a variety of tactics to extract unpaid labor, including requiring employees to work after they had punched out for lunch, locking the doors at night to prevent off-the-clock employees from leaving until certain tasks were complete, and manipulating employee timecards. … Read More

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