With the unemployment rate hovering near 8 percent, frugality has become a new norm as families fight to stay afloat during these difficult economic times. Yet, in recent news, it seems that Wal-Mart is shielding its Fortune 500 pockets from increasing insurance costs.
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The seven-page internal memo, issued Oct. 8, is intended for salaried employees only, and contains instructions on how to respond to strikes by hourly workers that spread to 28 Walmart stores in 12 cities earlier this week. The strikes were the first by Walmart retail employees in the company’s 50-year history.
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