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SearsCanada
Joined: 29 Mar 2006
Posts: 1421
Location: Ontario, Canada
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Posted: Fri Jul 28, 2006 1:39 pm Post subject: Walmart Woes around the world.
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Retailer Metro says it plans to buy out Wal-Mart's stores in Germany
07:45:36 EDT Jul 28, 2006 |
http://www.cbc.ca/cp/business/060728/b072810.html
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BERLIN (AP) - Wal-Mart Stores Inc. said Friday it will sell its 85 stores in Germany to Metro AG, a move that effectively ends a nearly decade-long effort by the world's largest retailer to crack the market in Europe's biggest economy.
It is the U.S.-based company's second international withdrawal this year, after Wal-Mart pulled out of the highly competitive South Korean market in May. The retailer is instead concentrating its growth efforts on China and Central America.
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Do you suppose that the industrialization and unionization of Germany had anything to do with a poverty wage provider like Walmart failing to succeed? I am sure they are much better off in the wage battle of China or Central America.
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| Furthermore, Schlueter said consumers rejected some of Wal-Mart's signature features, like stores outside town centres, employees required to smile and heartily greet customers, or baggers at checkouts. |
yeah, enough of the greeters and the forced smiles!! 
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Nofsdad
Joined: 06 Jul 2003
Posts: 8380
Location: Central CA
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Posted: Fri Jul 28, 2006 3:00 pm Post subject:
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Germany may have some stiff anti-sweatshop laws too. I have a feeling that at least they're a bit more protective of their own products and workers than we are here.
That would definitely put a crimp in WalMart's style. By concentrating on Central America and China, they're at least catering to their own major labor sources.
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SearsCanada
Joined: 29 Mar 2006
Posts: 1421
Location: Ontario, Canada
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Posted: Mon Jul 31, 2006 7:58 pm Post subject:
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China gets first Wal-Mart union
Monday, July 31, 2006 8:00:44 AM ET
By Lindsay Beck and Jerker Hellstrom
BEIJING/SHANGHAI (Reuters) - Employees of retail giant Wal-Mart have set up their first trade union in China, a move analysts said on Monday could lead to more unionization in the sector.
Twenty-five employees of a Wal-Mart store in Quanzhou, in the southeastern province of Fujian, established the union, a branch of the state-controlled All-China Federation of Trade Unions, on Saturday, Xinhua news agency reported.
"One of the major tasks of the ACFTU in 2006 is to push foreign-funded or transnational companies to unionize," Xinhua cited Xu Deming, the union's vice-president, as saying.
Wal-Mart Stores Inc., which set up shop in China in 1996 and employs more than 30,000 at stores across the country, has long resisted pressure in the United States to unionize its workers there to win better pay and benefits.
But analysts said that in China, where independent trade unions are illegal, the move at the Wal-Mart store in Quanzhou may signal a push toward unionization in the retail sector.
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http://finance.sympatico.msn.ca/investor/finnews/reuters/reutersnews.asp?id=15
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