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Wal-Mart Changes China Lay Off Plan

April 24, 2009: 05:22 AM EST

Wal-Mart in China has backed down on a plan to lay off 2000 middle management employees, after the Shenzhen trade union federation stepped in. Instead, the company will pay $450 to each employee who agrees to be transferred or receive training for new jobs. Some employees say it will take time to rebuild trust. The consumer chain store has 147 outlets in China and 50,000 employees.

Beijing newsroom , "Wal-Mart China sweetens jobs deal after union talks", Reuters, April 24, 2009, © Thomson Reuters
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