Tuesday, January 23, 2007

Reasons for Wal-Mart Pundits are Wrong....

This was Wal-Mart's top argument against the Chicago bill. In some instances, Wal-Mart has cut and run to escape pesky unions or regulations. In Quebec, where labor laws are stronger than in the United States, Wal-Mart closed down one store after workers dared to vote in a union, and the company has fought in the courts (albeit so far unsuccessfully) against unionization of a second store. In Germany, Wal-Mart withdrew completely, mostly because of low profits, but the firm had also chafed under the country's stringent labor and environmental regulations. And yet Wal-Mart has also demonstrated that it will bend when it deems the benefits outweigh the bottom line. For example, when British distribution center workers at Wal-Mart's Asda chain threatened to strike this spring, Wal-Mart chose not to bolt but to grant large concessions. Asda makes up 10 percent of the company's global sales.

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