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Walmart to offload 570 office workers onto outside company

Walmart Inc. is transferring 570 finance and accounting employees at its Arkansas headquarters to an outside company that will help manage part of the retailer's financial operations

Reported by: AP [ Published on: November 09, 2018 21:15 IST ]
Image Source : AP Walmart to offload 570 office workers onto outside company

BENTONVILLE, Ark. (AP) — Walmart Inc. is transferring 570 finance and accounting employees at its Arkansas headquarters to an outside company that will help manage part of the retailer's financial operations.

New York-based Genpact will hire all the workers who wish to make the move and will keep them in Bentonville, where Genpact is leasing a building on Walmart's campus.

The Arkansas Democrat-Gazette reports that employees were told of the move Thursday and that it will take effect Nov. 28. It says a Walmart official said the company made every effort to ensure the workers will have the same jobs at Genpact, with comparable pay and benefits. Workers who decline the move will get 60 days with pay to search for other jobs.

Walmart Vice President Clay Johnson says the move will allow the retailer's global-business services division to move its operations more into digital technology.

Genpact describes itself as a global professional services company with more than 70 offices worldwide.

Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.

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