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Wal-Mart Plans To Boost Presence In China, Hire 150,000 more
Retailer Plans To Open 20 More Stores In China In '06
BENTONVILLE, Ark. -- Wal-Mart expects to hire up to 150,000 employees in China over the next five years -- five times its current work force there -- as it expands its number of stores.
Wal-Mart has targeted China, which has long been a major supplier of its products, as a key region for its international store growth.
Wal-Mart now has 56 stores in China with about 30,000 employees. It plans to open 20 more stores this year.
The news comes less than a week after world's largest retailer moved to expand in another fast-growing region -- Central America -- by taking a majority stake in a local retail chain that it first bought into last September.
Wal-Mart took over Central American Retail Holding Co., also known as CARHCO, for an undisclosed price.
dacare This entry was posted on March 29th, 2006 at 02:26:20 pm by dacare and is filed under News of China.