BENTONVILLE -- Hundreds of Wal-Mart and Sam's Club corporate office workers lost their jobs Tuesday as the world's largest retailer restructures to cut costs in a dismal economy.
"We expect the changes to impact approximately 700-800 Home Office positions including merchandising, real estate, marketing and support divisions in Wal-Mart U.S., Sam's Club merchandising and some corporate functions," said Mike Duke, Wal-Mart president and CEO, in a memo distributed to employees and the media early Tuesday afternoon.
Those who lost their jobs included marketers and buyers in the pharmacy, optical and medical clinics division, which are consolidating into one division of health and wellness, said Wal-Mart spokesman David Tovar. The health and wellness consolidation is resulting in job losses that are included in the overall total, though Tovar did not provide specific numbers or wage ranges...
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