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Thread: Walmart Central

  1. #791
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    Default Re: Walmart Central

    Walmart is appealing the judgement to pay drivers back pay. Of course ... low wages, every day !

    Walmart Asks Appeals Court to Reconsider Decision to Award Drivers Back Pay
    Attorneys for Walmart Inc. have asked the 9th U.S. Circuit Court of Appeals to reconsider its ruling that affirmed a district court’s judgment that the company must pay a court-certified class of its California truck drivers more than $54 million in back pay mostly for layovers, but also some rest breaks and pre-trip and post-trip inspections.
    Specifically the appeals court on Jan. 6 upheld a federal district court’s jury decision that awarded the drivers a total of $44.7 million for layovers, $3.9 million for rest breaks, $2.9 million for pre-trip inspections and $2.9 million for post-trip inspections.
    In its motion for a rehearing, Walmart alleged that as a factual matter since it did not control any of the drivers, it therefore “owes nothing for layovers.” However, the three-judge 9th Circuit panel maintained that a comprehensive review of the Walmart pay manual demonstrated that it unambiguously required drivers to obtain pre-approval to take a layover and that “therefore, the district court did not err in granting partial summary judgment on this issue to plaintiffs.”
    https://www.ttnews.com/articles/walm...ivers-back-pay

  2. #792
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    Default Re: Walmart Central

    Is this a sign that the economy has bottomed out ? When the great Walmart has lower sales then expected, along with lower projected earnings for next year, I suspect the great economy that has been touted is faltering a little. Remember, those with less to spend are those that patronize Walmart.

    Walmart earnings and outlook fall short as holiday season disappoints
    Walmart on Tuesday reported fiscal fourth-quarter earnings that fell short of analysts’ estimates, as the retailer saw weak demand for toys, apparel and video games during the holiday season.
    Its outlook for the upcoming year also came up short of expectations, as Walmart anticipates e-commerce growth will slow.
    Walmart’s disappointing holiday results add to a list of retailers that saw more of the same. Target also noted weakness in toys. Kohl’s said its women’s apparel business underwhelmed. But Amazon last month reported holiday-quarter earnings that smashed expectations, claiming customers shopped at record levels and that it quadrupled one-day and same-day deliveries over the period.
    https://www.cnbc.com/2020/02/18/walm...-earnings.html

  3. #793
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    Default Re: Walmart Central

    Quote Originally Posted by fxstc07 View Post
    Is this a sign that the economy has bottomed out ? When the great Walmart has lower sales then expected, along with lower projected earnings for next year, I suspect the great economy that has been touted is faltering a little. Remember, those with less to spend are those that patronize Walmart.

    Walmart earnings and outlook fall short as holiday season disappoints



    https://www.cnbc.com/2020/02/18/walm...-earnings.html
    Or maybe people are doing better and don't shop Wal-Mart anymore.

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  5. #794
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    Default Re: Walmart Central

    Quote Originally Posted by fxstc07 View Post
    Walmart is appealing the judgement to pay drivers back pay. Of course ... low wages, every day !

    Walmart Asks Appeals Court to Reconsider Decision to Award Drivers Back Pay

    https://www.ttnews.com/articles/walm...ivers-back-pay
    This post will be the fourth concerning this lawsuit. Seems the appeal has been denied.

    BREAKING: Ninth Circuit denies rehearing of Walmart sleeper berth case
    The U.S. Court of Appeals for the 9th Circuit has denied a petition by Walmart Inc. [NYSE: WMT] to rehear a lower court’s decision that awarded $54.6 million to former California truck drivers for time spent in a sleeper berth during layovers between trips.

    Walmart had requested both a panel hearing and a rehearing en banc — typically by a chief judge and 10 additional judges — which were both denied.

    “The full court has been advised of the petition for rehearing en banc and no judge has requested a vote on whether to rehear the matter en banc,” according to the 9th Circuit’s decision on Thursday. “The petition for panel rehearing and the petition for rehearing en banc are denied.”
    https://www.freightwaves.com/news/br...per-berth-case

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