After raising the minimum wage for its lowest compensated workers, Walmart is now cutting some workers’ hours to try to trim costs. Store managers were recently told to cut back on hours to reduce costs, which has led to them eliminating hours from the schedule, telling workers to leave their shifts before they end, or having employees take longer lunches, Bloomberg News reports.
Similar Stories to Walmart Cuts Workers’ Hours After Raising Its Minimum Wage Earlier This Year on Bing News
Bryce Covert, Think Progress
Mon, 08/31/2015 - 7:18am
Topics: bloomberg news houston fort worth february april ceo doug mcmillon and walmart s we greg foran wall street tags minimum wagewalmart the walmart cuts workers hours after raising its minimum wage earlier this year thinkprogress bloomberg walmart the u.s pay company employees told customer higher growth employee investments store led earnings reduce increase sales percent stores stock announced customers won cents profit compensation share costs cost spokesperson managers schedule early week shelves short-term long-term expected boost long dividends service spending corporations experience lines buybacks improving time focus part
BING NEWS:
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A Fosters Freeze outlet in Lemoore shut down the same day the new minimum wage kicked in and its workers are now out of a job. Some employees initially thought it was an April Fool’s joke.
04/27/2024 - 12:12 am | View Link - Moreno doesn't think the minimum wage should be a living wage. Tell that to workers.
Opinion: Our economic model should be adjusted so that the needs of workers are considered hand-in-hand with the needs of business owners.
04/19/2024 - 10:23 pm | View Link - California health workers may face cuts in hours, benefits under $25 wage law
Industry lawsuits indicate layoffs and cuts to premium pay and vacation time could be one result of the new law beginning in June.
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