Walmart just cannot squeeze it's employees enough. Now Walmart is considering offshore outsourcing it's I.T. jobs.
BANGALORE: WAL-Mart, the world’s biggest retailer, which until now has been dependent on its inhouse information technology division, is evaluating a business process outsourcing (BPO) contract worth around $300- $500 million, as it seeks to outsource non-core processes of procurement, merchandising , finance, accounting and payroll.
IBM, TCS, WNS and Wipro are exploring this opportunity, people familiar with Wal-Mart’s outsourcing decision told ET on conditions of anonymity. Despite becoming such a case study for global retail, Wal-Mart had not yet looked at BPO or IT outsourcing,” he said. However, the current economic challenges are making the retailer seek more cost saving options including outsourcing of non-core processes.”
The AFL-CIO has some interesting facts on Walmart.
An EPI aggregate analysis found Walmart Chinese imports cost 200,000 U.S. jobs:
The giant retailer’s reliance on cheap goods made in China has cost this country nearly 200,000 jobs since 2001, says the report, The Wal-Mart Effect, by the nonprofit Economic Policy Institute (EPI).
The report shows Wal-Mart has played a major role in creating a record trade deficit with China that has eliminated some 1.8 million jobs, mainly in manufacturing.
Maybe it's a good thing shopping at Walmart lowers your credit score.