Wal-Mart Seeks to Close Unionized Store
New York City, ACanadian Wal-Mart in Jonquiere, Quebec, has been marked for closure because the retail giant believes demands from the store’s union negotiators would make business too difficult. According to the Associated Press, the retailer said it had previously considered the store a poor performer and had discussed closing it last year. The chain now hopes close the store in May.
The United Food and Commercial Workers Canada, attacked the closure decision as a response to union activity. “Wal-Mart has fired these workers not because the store was losing money but because the workers exercised their right to join a union,” Michael J. Fraser, national director of UFCW Canada, said in a statement.
Last September, Canada’s provincial labor officials certified the store as a bargaining unit, making it the first unionized Wal-Mart store in North America. The union did not, however, have a contract with management.
HP Ousts CEO
New York City, Hewlett-Packard Co. today ousted company chairman and CEO Carly Fiorina, and replaced her with CFO Robert Wayman as interim chief executive. Wayman said HP would not reverse the controversial and mostly unsuccessful Compaq Computer merger, according to Reuters. The company’s shares have lost 63% of their value since Fiorina took her post in 1999, but rose about 10% today.
HP has shown inconsistent financial results under Fiorina’s watch, and the 50-year-old resigned yesterday afternoon. The search for a new CEO who is more in line with the board on how to execute HP’s strategy is now underway.
Borders Cafes Reveal New Face
Ann Arbor, Mich., Six Borders Books and Music stores in Oregon will be the first to convert the Borders cafes into Starbucks-owned Seattle’s Best Coffee cafes. Grand re-openings will be celebrated in the Corvallis, Eugene, Gresham, Portland, Salem and Beaverton branches on Feb. 11. Seattle’s Best Coffee’s full line of beverages will be available at the newly branded bookstore cafes. More than 400 other Borders cafes across the nation also will undergo this change over the next few years.