[Vision2020] Wal-Mart to Hire up to 150,000

[Tom Hansen]

>From today's (March 21, 2006) Spokesman Review -

You're right, Arnold.  New Wal-Mart Super Centers DOES mean more jobs.
Unfortunately, job seekers would have to move to China to apply.

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Wal-Mart to hire up to 150,000 in China expansion 
Associated Press 
March 21, 2006

BENTONVILLE, Ark. - Wal-Mart Stores Inc. plans to hire up to 150,000
employees in China over the next five years, five times its current work
force there, as it expands its number of stores, the company said Monday.

Wal-Mart has targeted China, which has long been a major supplier of its
products, as a key region for its international store growth. It now has 56
stores in China with about 30,000 employees and plans to open 20 more stores
this year.

Wal-Mart spokeswoman Amy Wyatt declined to say how many stores the
Bentonville, Ark.-based retailer will add longer term. Wal-Mart generally
only makes public projections one year at a time for its new store plans in
the U.S. and internationally.

"We could hire as many as 150,000 (new employees) in the next five years,"
Wyatt said.

The news comes less than a week after Wal-Mart moved to expand in another
fast-growing region, Central America, by taking a majority stake in a
regional retail chain that it first bought into last September. Wal-Mart
took over Central American Retail Holding Co., also known as CARHCO, for an
undisclosed price.

Wal-Mart bought about $18 billion in goods from China in 2004, the last year
for which it has released numbers, Wyatt said.

The region is a key part of Wal-Mart's strategy of growing internationally,
where it is active in 15 countries including China, Japan and Korea in Asia,
Britain and Germany in Europe, Canada, Mexico and eight countries in Latin
America.

Wal-Mart does not provide a country-by-country breakdown of intrnational
financial results. The total international division accounted for about 20
percent of last year's overall net sales of $312.4 billion.

Wal-Mart's international side had more than 450,000 employees last year.

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Seeya round town, Moscow.

Tom Hansen
Moscow, Idaho


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And why shouldn't the rich pay taxes?

"The people that write laws are greedy.  They need money to buy votes.  What
better way to get it than to extract it, by force of law, from the
relatively few who can afford the nicer things in life.  If you can buy
something nice then you can pay more taxes so that politicians can give
something to the 'poor' and take a cut for themselves."
 
- Varnel W. (March 20, 2006)

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