Monday, March 2nd-2.1°C
25405
23829

Walmart cuts 750 jobs in change to its management structure, promotes associates

TORONTO - Walmart Canada has confirmed it laid off hundreds of employees across the country earlier this month in a move to rework its management structure.

The Arkansas-based retailer said it eliminated 750 jobs — which is says represented less than one per cent of staff — after testing a new management structure in select stores.

As part of the changes, Walmart Canada (NYSE:WMT) says 1,300 associates were promoted to more senior roles and about 200 store managers were added.

"The new management structure makes more of our associates available during peak shopping periods when our customers need us the most," Walmart spokesman Alex Roberton said in an emailed statement on Monday.

He added that the change "gives our associates greater access to their managers for their ongoing career development."

Walmart entered Canada 20 years ago with the acquisition of 122 Woolco stores and since then the company has more than tripled in size. In 2012, it announced an expansion plan that was valued at $750 million.

This year, the company says it aims to create 7,500 new jobs, mainly through temporary construction and trade positions.

Walmart had 389 stores and more than 95,000 associates as of March.

The Canadian Press


Read more Business News

25320


Recent Trending




Today's Market
S&P TSX15234.34-6.82
S&P CDNX706.73+5.80
DJIA18132.70-81.72
Nasdaq4963.528-24.362
S&P 5002104.50-6.24
CDN Dollar0.8007+0.0012
Gold1203.00+6.10
Oil51.50-0.64
Lumber297.20+1.20
Natural Gas2.895-0.007

 
Okanagan Companies
Pacific Safety0.12+0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.03
Cantex0.035-0.005
Anavex Life Sciences0.190.00
Metalex Ventures0.035-0.005
Russel Metals25.38+0.08
Copper Mountain Mining1.30+0.04
Colorado Resources0.15+0.015
ReliaBrand Inc0.008-0.0007
Sunrise Resources Ltd0.05+0.015
Mission Ready Services0.235+0.025

 



25194

FEATURED Property
2184319DISTRESS SALE!
$420,000
more details
Click here to feature your property
Please wait... loading


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...

_








Member of BC Press Council


24681