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Monday, July 31, 2006

Wal Mart China Attacked by UNION.... or were they???

Wal Mart recently recieved some scary news over the weekend. The company's China division employees successfully organized the first employee's union. WalMart has been in China since 1996, and has allowed employees the freedom to set up unions as long as they conform to Chinese laws. Apparently, workers took the advice and formed the ACFTU (All-China-Federation-of-Trade-Unions). The catch is that ACFTU is being controlled by China's communist party which poses little threat to WalMart! So, Wal Mart isn't really trying to be sincere and they don't give a crap about it's employees... the whole thing is a trick! Personally... I am honestly disgusted when it comes to Wal Mart (call me biased) ... so many negative things about the company. Don't get me wrong, the company is good when it comes to business... but too many lousy insider scandals going on (way too fishy for me). The company now has 60 stores in China, and have pulled out of other markets like South Korea and Germany in order to focus more on profit growing CHINA!!! Wal Mart plans to hire more than 150,000 more Chinese employees in the next 5 years. What ya think about Wal Mart... prove me wrong or right...LEAVE A COMMENT!!! BLAB ON....

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