28 September 2010

Wal-Mart Faces Union Opposition in South Africa

Wal-Mart Faces Union Opposition in South Africa - WSJ.com
South Africa's largest labor group came out against Wal-Mart Stores Inc.'s $4.6 billion offer to buy Massmart Holdings Ltd.

The Western Cape provincial arm of the Congress of South African Trade Unions said Tuesday it was alarmed that Massmart is considering an offer from the Bentonville, Ark., retail giant to take over one of the country's 'key strategic national companies.'

'We will oppose the setting up of any Wal-Mart stores in the Western Cape,' said the group, known as Cosatu. 'These companies are notoriously anti-union and anti-workers' rights.'