Wednesday, May 14, 2008

LISSA’S: A Contributing Factor in America’s Recession/Depression

Wal-Mart Reaches 2 Million Workers

Imagine Houston being populated only by Wal-Mart workers.


Houston proper, with its population of just over 2 million, has about the same number of people as Wal-Mart Stores Inc. now employs worldwide.


Put another way, if a city had only families of four and one member of each household worked at Wal-Mart, that would be a perfect fit with the 8 million-strong population of New York City, a market Wal-Mart happens to covet.


During a recorded call with investors Tuesday, Wal-Mart President and CEO Lee Scott mentioned offhandedly that the company now has more than 2 million "associates," as Wal-Mart terms its employees. Chief Financial Officer Tom Schoewe confirmed in an interview that Wal-Mart had reached the milestone.


The world's largest retailer is also the world's largest private employer. The company has about 1.3 million U.S. workers. As of April 30, Bentonville-based Wal-Mart had 7,343 units - 4,195 in the U.S. and 3,148 in its international division, which includes Puerto Rico.


source: Arkansas Business

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