US retailer Wal-Mart have announced that it will stop giving healthcare benefits to various part-time employees in America, as the cost of these services is increasing. The perks will no longer be available to part-time staff whose hours come to less than 30 hours a week, and is predicted to affect around 2 per cent of the workforce.
In August the brand slashed its profit forecast, which it put down primarily to higher employee benefit costs. They expect to spend around $500 million on healthcare in the US in 2014, which has risen considerably from the $330 million which was predicted in February. Wal-Mart cited the reason for this as the increase in medical costs and enrolments.
Related Tags:US retailer Wal-Mart, healthcare benefits, employees in America, brand slashed