Walmart Workers in Chile Just Voted to Go on Strike

    Author Caroline HarrisPosted on Categories Retail, ConsumerTags , , , , , , , , , , , , , , , , , , , ,
    Walmart, retail investing, retail investor, retail investors, retail investment, retail trader, retail stocks, retail stocks list, retail stocks to buy, retail stock, top retail stocks, s&p retail index, retail index, retail investing, retail sector, retail sector etf, retail sector definition, retail sector news, investing in stocks for dummies,

    On Friday, July 28, Walmart Stores Inc. (NYSE:$WMT) workers in Chile voted to go on strike in order to petition for higher wages, according to Reuters.

    The workers who voted to go on strike are employees of Lider, which is Walmart’s main supermarket chain in Chile. The union that represents Lider employees posted to its Facebook saying, “We can say that our union approves the strike with 9.850 votes, or 63.4% of the total.”

    In an attempt to reach an agreement or prevent the strike, the union or the company could request five-day government-mediated talks.

    Right now, the union represents 16,500 workers, thus making it South America’s largest. Workers from the union have demonstrated outside across Chile in the hopes for better wages. In Chile, Walmart operates 380 stores.

    Walmart’s stock traded marginally down mid-afternoon.

    Featured Image: twitter

    Author Caroline Harris
    About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.