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Wal-Mart raises healthcare costs, cuts benefits for some part-timers

Started by riky, October 08, 2014, 09:00:55 AM

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riky

Wal-Mart raises healthcare costs, cuts benefits for some part-timers

<p><a href="http://news.yahoo.com/wal-mart-stop-healthcare-benefits-part-time-workers-145535493--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/rMBYqhwDZow7JaN7izFPog--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9Njk7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-08-14T132005Z_46059792_TM3EA8E0PWI01_RTRMADP_3_WALMART-RESULTS.JPG" width="130" height="86" alt="A Wal-Mart Stores Inc company distribution center in Bentonville" align="left" title="A Wal-Mart Stores Inc company distribution center in Bentonville" border="0" /></a>(Reuters) - Wal-Mart Stores Inc said it would no longer provide health benefits to some part-time workers in the United States due to ballooning healthcare costs. The company said on Monday it would stop health benefits for part-time associates who work less than 30 hours. The move is expected to impact about 2 percent of the company's workforce, the company said in a blog post. Wal-Mart cut its full-year profit forecast in August, citing higher employee benefit costs, among other things. The company said then that it expected to spend $500 million on U.S. ...</p><br clear="all"/>

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