Tuesday, August 29, 2006

Wal-Mart’s China syndrome


IIPM BUSINESS & ECONOMY
When in Rome, do as the Romans do! Similarly, the world’s largest retail chain Wal-Mart has decided that when in China, play it by the local sentiments. The company has announced that it proposes to work with Chinese officials to establish labour unions at all its 60 outlets in the country, which has the potential to be one of the biggest markets for the discount chain giant. For a long time, Wal-Mart had been trying to stave off unionization at the outlet level, and this announcement has come as a big surprise. Wal-Mart said that is going to form an alliance with the state-backed All China Federation of Trade Unions – that has been pushing large companies with foreign investments to allow the formation of trade unions – as it wants to create “an effective and harmonious way of facilitating the establishment of grass-roots unions” at its stores. In a statement that was titled, “Wal-Mart Supports China’s Effort to Build a Harmonious Society,” the company declared that it was going to work with the All China Federation because the two groups had the “mutual aim” to establish grassroots unions. There are already about 30,000 employees who work in the 60 Wal-Mart stores spread all across China – which is incidentally also the primary source for the millions of items that the retail giant hawks all over the world.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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