Ruling on Walmart Strikes Not Likely in Time for Black Friday

Photo of Paul Ausick
By Paul Ausick Updated Published

courtesy of Wal-Mart Stores Inc.
The National Labor Relations Board (NLRB) said last night that it was unlikely that the agency will reach a decision in the labor complaint filed by Wal-Mart Stores Inc. (NYSE: WMT) last Friday. Walmart contends that the strikes, led by workers’ group called OUR Walmart, violate U.S. labor laws. The group has threatened picket lines at 1,000 Walmart stores on the day after Thanksgiving — Black Friday, the busiest shopping day of the year in the United States.

The workers’ organization, supported by the United Food and Commercial Workers International Union (UFCW), has filed a countercharge with the NLRB claiming that Walmart is illegally trying to stop workers from participating in strikes. Neither OUR Walmart nor the UFCW has filed for recognition to represent Walmart employees.

Reuters reports that the complaint filed by OUR Walmart says that Walmart has told store managers to “threaten workers with termination, discipline and/or a lawsuit” if they participate in any job action against the company on Friday.

Paul Ausick

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Top Gaining Stocks

KMX Vol: 7,330,419
GLW Vol: 22,800,969
INTC Vol: 233,719,006
SMCI Vol: 68,465,534
ENPH Vol: 13,978,376

Top Losing Stocks

ACN Vol: 41,744,333
EPAM Vol: 5,636,587
CTSH Vol: 61,311,400
CTRA Vol: 73,319,495
KR Vol: 26,704,230