Later On

A blog written for those whose interests more or less match mine.

Wal-Mart readies itself to fight EFCA

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Bad news about a big, powerful, wealthy corporation:

‘Twas the night before Christmas when Wal-Mart told the world it decided to settle 63 lawsuits to the tune of as much as $640 million; most of those lawsuits alleged that Wal-Mart “underpaid its employees.”

So what prompted the usually greedy Grinch to give more than half a billion dollars to its employees? It must’ve been a passing wind of Christmas Cheer, right? No.

The Wall Street Journal says one reason Wal-Mart paid out $640 million is because the world’s largest retailer wants to improve its image ahead of its fight against the Employee Free Choice Act.  Wal-Mart appears to be afraid of that legislation because it would give employees the free choice to join unions and negotiate for better wages, benefits, and retirement security – something Wal-Mart employees certainly don’t have now.

Here’s what the Wall Street Journal said about the settlements:

But there may be something else going on. Remember the Employee Free Choice Act? […]

Paul M. Secunda, an associate professor at Marquette University Law School, suggested Wal-Mart wanted to settle the lawsuits not just to avoid potentially more costly defeats in the courtroom, but to resolve issues that might be used to argue for passage of the Employee Free Choice Act. The legislation, expected to be considered by Congress next year, is fiercely opposed by Wal-Mart because the company worries it will make it easier for workers to unionize.

Wal-Mart is familiar with fighting the Employee Free Choice Act.  FEC complaints were filed against the company in August alleging that Wal-Mart told its employees to vote against Democrats such as now President-elect Barack Obama because of their support of the Employee Free Choice Act.  And current Wal-Mart CEO Lee Scott told reporters this fall why he’s against the Employee Free Choice Act.  From the WSJ: …

Continue reading.

Written by Leisureguy

30 December 2008 at 11:37 am

Posted in Business, Daily life, GOP

Tagged with

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