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– WalMart Workers Take “Plumbing” Mystery To Labor Board (ZeroHedge, April 20, 2015):
Last week, we documented the mysterious case of WalMart’s move to shutter multiple geographically distinct locations across the US for “plumbing issues.” According to the company, five locations need extensive repairs to fix “clogs and leaks,” a situation which purportedly necessitates that the stores be closed and all workers be laid off (unless of course they can find “placement” at another WalMart location).
That sounded suspect to us and our interest was piqued once we discovered that in fact, no plumbing permits had been issued for work on any one of the shuttered stores. Our contention was that the retailer, facing pressure to retain its “low price leader” title, may be using leaky pipes as an excuse to quietly close stores as it seeks to cut costs in the face of pressure on its margins from a recent across the board wage hike.
Read moreWalMart Workers Take ‘Plumbing’ Mystery To Labor Board