The electronics retailer, facing larger competitors and falling sales, said Wednesday that it would lay off about 3,400 store workers -- immediately -- and replace them with lower-paid new hires as soon as possible.Wal-Mart started the race to the bottom and others I am sure will follow suit. It is time to cross Circuit City off the list of retailers that you visit. Wal-Mart should already be on that list. I understand that when you are not performing well that changes need to be made but why is it that the employees are always the first ones hurt?
The laid-off workers, about 8 percent of the company's total work force, would get a severance package and a chance to reapply for their former jobs, at lower pay, after a 10-week delay, the company said.
Monday, April 09, 2007
Circuit City To Fire Workers To Get Lower Wages
Last week Circuit City announced that they would be laying off employees and replacing them with lower paid workers. The fired employees are welcome to reapply for the jobs they were just fired from at the lower wage.
Labels: economics, middleclass
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