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Mon Jul 1, 2013, 07:47 PM

 

Dutch Pension Group Halts Wal-Mart Investments Over Low Wages And Working Conditions

(Reuters) – Dutch pension administrator PGGM Vermogensbeheer B.V. said on Monday it would no longer invest in Wal-Mart Stores Inc , saying the retailer was not willing to discuss its concerns, including possible labor issues in the United States.

Wal-Mart, the world’s largest retailer, declined to comment.

Wal-Mart “was not prepared” to take concerns about what PGGM called “tense” U.S. labor relations into consideration and its board was not willing to participate in “fruitful dialogues” with shareholders, PGGM said in a statement.

PGGM is a Zeist, Netherlands-based pension administrator focused on pensions of employees of the Dutch healthcare and social work sector. It manages more than 140 billion euros ($182.50 billion) in assets.

PGGM said that it met with Wal-Mart multiple times about the issues of concern. In 2012, it questioned the company about the Wal-Mart de Mexico , or Walmex, bribery scandal, “but these questions were left unanswered,” it said.

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http://www.rawstory.com/rs/2013/07/01/dutch-pension-group-halts-wal-mart-investments-over-low-wages-and-working-conditions/

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Reply Dutch Pension Group Halts Wal-Mart Investments Over Low Wages And Working Conditions (Original post)
Purveyor Jul 2013 OP
DirkGently Jul 2013 #1
Coyotl Jul 2013 #2

Response to Purveyor (Original post)

Mon Jul 1, 2013, 07:56 PM

1. What is Wal-Mart going to do when it's


... squeezed the last drop of blood out the last worker? They have no business model beyond being ubiquitous and heavy-handed.

Somewhere a shuttered K-mart is chuckling darkly and waiting ...

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Response to Purveyor (Original post)

Mon Jul 1, 2013, 08:46 PM

2. BOYCOTT Wal*Mart!

 

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