About 63 labor cases against Wal-Mart were finally settled when the retail giant agreed to pay its employees around $352 million to $640 million. The company might have realized that it is better to settle the long-running case to prevent further damages in the future, financially and morally. These cases have been running for decades and Wal-Mart officials finally realized that it would be better to pay the agreed sum than pay potentially higher damages that could be imposed by the courts. Apart from that, the legal battle might affect the company’s reputation, especially now that Wal-Mart is remodeling itself.

That is a good idea by the Wal-Mart officials. Besides, the $352-$640 million settlement agreement is only a penny compared to what the company is earning out of the labor done its employees. What is $640 million if the company’s reputation will be destroyed? On that note, Wal-Mart deserves to be applauded. However, there are still a number of unsettled labor disputes faced by the retail chain. The company ought to settled those cases as well.

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Posted by Jones on January 2nd, 2009 :: Filed under EVERYDAY MONEY STUFF, SIMPLY SCANDALOUS
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