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See what happens when Walmart enters the market
Now that Walmart has completed its acquisition of a majority stake in South African retailer Massmart a major competitor contends it will need to lay off 8.6% of its work force to improve its competitive position.
That’s according to South African media reports indicating rival Pick n Pay Stores said it was looking to eliminate 3,137 of its 36,673 positions. Conversely, Walmart has said it will create 15,000 jobs in South Africa within five years, implying a fairly robust level of expansion.
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Target settles disability discrimination suit
New York City -- The Equal Employment Opportunity Commission settled a lawsuit with Target Corp. regarding the rights of a disabled cart attendant in California's Orange County, the Associated Press reported.
Court papers filed on Tuesday reveal that Target agreed to pay former employee Jeremy Schott $160,000 and develop policies to respond to disabled employees' needs, the report said.