Talk about being aggressive while sounding novel at the same time – Wal-Mart claims that the company is planning to create 500,000 jobs worldwide as part of its business plan for the next five years.
“We need to recruit the best talent and identify the best talent in our ranks,” CEO Mike Duke said.
The retail giant unveiled its plan in its annual shareholder meeting at Arkansas amidst a star-studded affair.
Other moves include a share repurchase plan in an effort to repurchase $15 billion of its shares.
While this sounds like the right direction for companies to help out in the job crisis that still plagues the recovery, this announcement sounds like there’s a catch – those jobs will be worldwide, not necessarily local.
Wal-Mart’s international division accounts for one-fourth of its revenue.
Source: CNN Money
