by Christopher Freeburn | January 15, 2013 10:19 am
Wal-Mart (NYSE:WMT) announced on Tuesday that it will launch a program on Memorial Day to employ more than 100,000 honorably discharged veterans over the next five years.
Any vet who has been discharged for less than one year will be eligible for a job at the retailer. First Lady Michelle Obama praised the program and urged other employers to follow suit, CNNMoney noted.
Jobs offered through the program will mostly be at Wal-Mart stores, though the retailer will also seek employees for its distribution centers. The big-box retailer already employs about 100,000 veterans, roughly 7% of its 1.4 million workforce.
Vets face particular difficulties translating military training into marketable job skills at home. In December, the unemployment rate for veterans was 10.8%, compared to 7.5% for all others. Wal-Mart said vets seeking employment through the program will have to meet its standard hiring requirements.
Shares of Wal-Mart slipped fractionally in Tuesday morning trading.
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