Wal-Mart Pledges to Hire Every Veteran Who Wants a Job

by Christopher Freeburn | January 15, 2013 10:19 am

Wal-Mart (NYSE:WMT[1]) 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[2].

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.

  1. WMT: http://studio-5.financialcontent.com/investplace/quote?Symbol=WMT
  2. honorably discharged veterans over the next five years: http://money.cnn.com/2013/01/15/news/companies/walmart-veterans/

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