Thursday, July 27, 2006

Walmarts Union Problems

Walmart (NYSE:WMT) lost a major court decision in Canada. Walmart was attempting to prevent a provincial labor relations board from even hearing cases related to unionization of store workers. The courts have ruled that labor relations boards will hear labor relations matters. United Food and Commercial Workers Union is looking good. Watch for a strong unionized base to develop in Canada and then sweep down into the US. Cold air from Canada may have a new meaning.