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Wal-Mart Cutting Jobs At Arkansas Headquarters
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LINDA WERTHEIMER, host:
NPR's business news starts with layoffs at Wal-Mart.
They're not as big as the job cuts announced by retailers like Macy's and Target, but Wal-Mart is reducing staff. Up to 800 jobs will be eliminated at the company's headquarters in Bentonville, Arkansas. About 14,000 people work there. The poor economy is crimping Wal-Mart's sales growth. But the world's largest retailer is still profitable as consumers flock to its stores in search of lower prices. Wal-Mart still plans to open as many as 140 new outlets this year. According to the Wall Street Journal, it's also planning a push into Chicago. Wal-Mart has only opened one store there because of community resistance. It hopes the lure of new jobs and sales tax dollars for the city will change that. Transcript provided by NPR, Copyright NPR.
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