- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
The action is happening in Illinois and southern California, where workers are protesting poor working conditions, mistreatment by management, and low pay, including sometimes not being paid for hours worked. A rally is planned for October 4 at a Pico Rivera, California, store.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
At the end of September, employees walked out of a Walmart distribution warehouse in Elwood, Illinois, after filing a lawsuit related to the working conditions. The distribution center is part of a massive hub which also serves retailers like Home Depot (NYSE:HD).
Unions have been the subject of a lot of attention recently. The Canadian Auto Workers union was recently involved in long negotiations with Ford (NYSE:F) and General Motors (NYSE:GM) that have been resolved with some success, and their tenacity may have helped spur neglected Walmart employees to action.
This strike comes just before Walmart’s Analyst Day on October 10. It’s unclear whether the strike and walkout will cause a prolonged disruption at Walmart stores and warehouses, or if the actions are temporary.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.