They’re At It Again

Wal-Mart’s Global Purchasing Center has cut another 180 employees from the payroll - this after previously firing 110 employees last November and essentially closing their Shanghai office last week, firing 50 employees. Is this a sign that operations in China are doing poorly? Or is this payback for the successful negotiation of higher wages by the local Shenyang labor union?

According to Wal-Mart, the layoffs are in part due to Wal-Mart’s hiring of Intertek, which will be partly responsible for purchasing.

Wal-Mart China’s spokesperson, Dong YuGuo (Jonathan Dong) on July 16 told reporters that “Wal-Mart had selected the Tian Xiang group (Intertek) to handle Wal-Mart China’s purchasing services. In the wake of passing on this business to Intertek, Wal-Mart would end working relations with 180 employees.”

However, there are certainly more factors at play than Wal-Mart’s PR spin would have one realize. Wal-Mart’s purchasing from China has held steady at $18 billion over the past few years (the Economic Policy Institute, however, calculates that Wal-Mart’s China purchasing is closer to $27 billion). But factoring in inflation and the rising costs of raw materials and labor, Wal-Mart’s total sourcing in China has actually decreased, a fact which would would certainly warrant some layoffs from the purchasing center.

Wal-Mart’s PR spokesperson denies the recent layoffs are a result of a plan to move sourcing to other, cheaper countries. But several Wal-Mart China employees have cited a sourcing shift as the reason behind the layoffs. All of this while Wal-Mart’s Chinese competitors are trying (and partly succeeding) to eat them alive might mean Wal-Mart’s internationally is hitting a roadblock.

Posted by Research Team on Thursday, July 17, 2008

COMMENTS

“Wal-Mart’s Global Purchasing Center has cut another 180 employees from the payroll - this after previously firing 110 employees last November and essentially closing their Shanghai office last week, firing 50 employees.”

Well it all finally worked out for Sam. The dead bastard wanted his WalMart public relations image to avoid the ‘appearance’ of WalMart doing business with the CHINESE COMMUNIST. That is more SIFE capitalism bullshit and hypocrisy at work in the WalMart business theology model for ‘love of money’ anti-Christian psychopaths.

From Frontline-

Following the brutal suppression of Chinese students in Tiananmen Square in 1989 by the Chinese Communist leadership, Walton feared a consumer backlash if Wal-Mart were seen as operating in China. He was also disturbed by charges of human rights abuses in his Asian suppliers’ factories.

To continue growing in Asia, Wal-Mart needed a buffer—a middleman or a buying agency that would purchase Asian products without showing Wal-Mart’s hand. According to the retired Hong Kong senior executive, Walton told Bill Fields, Wal-Mart’s head buyer, that he wanted to “get out” of direct involvement in Asia. “The decision was to go to an exclusive buying agency,” the buyer said. “The main reason for going into [the deal] was not to be exposed as going into Communist China.”

http://www.pbs.org/wgbh/pages/frontline/shows/walmart/secrets/wmchina.html

This was also Sam Walton’s real attitude against people and why he went into China in the first place…

Sam Walton again on exploitation of people especially labor-

Wal-Mart founder Sam Walton once said, “I pay low wages. I can take advantage of that. We’re going to be successful, but the basis is a very low-wage, low-benefit model of employment.”
http://en.wikipedia.org/wiki/Criticism_of_Wal-Mart#_note-
iswalmartgood

“Is Wal-Mart Good for America?” PBS. November 16, 2004. Retrieved on February 24, 2007.

WALMART- We have supported Chinese communism for decades. It is also where we sent your good paying manufacturing jobs. Whether America likes it or not, the Walton billionaires and the communist Peoples Liberation Army want to thank you… the suckers!

WalMart- “Save More. Live Better.” Was meant for the Walton billionaires, not you.

SanDiegoView in WalMart is America's #1 poverty engine whorehouse
Friday, July 18 at 12:07 AM

what the matter sdv you got no answer on your lazy slob bastard costco buddies being too cheap and lazy to give everyone full time work and share in their profits huh?who cares what sam walton said that was years ago and old news.

m att hew vantress in gresham,oregon
Friday, July 18 at 10:07 AM

...lazy slob bastard...

I told you your writing would improve if you just kept after it.

What’s good for Wal-Mart is BAD for America!

Ken V in Texas
Friday, July 18 at 12:44 PM

when are you people going to learn that i am your personal amway dealer?amway products are better than walmart bs and you are another lazy slob bastard for not knowing that so shut your mouth you walmart hating union hypocrites.

m att hew vantress in gresham,oregon
Saturday, July 19 at 07:22 AM

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