The Total Shame of Staples Inc SPLS - At least 10,000 jobs will be lost, 1,000 stores to close, retail store owners will struggle to survive the fall of Staples.
Staples Inc SPLS Plans to Kill Off thousands of jobs, reduce others to part-time status while STARBOARD VALUE investor sneaks off with the cash profits concerning the merger. “I haven’t looked at Staples stock lately or what the compensation of the CEO is, but I suspect that they could well afford to treat their workers favorably and give them some basic financial security and if they can’t, then they should be willing to allow those workers to get the Affordable Care Act without cutting wages,” the president continued. The Staples SPLS and Office Depot Merger ODP and OMX is just an excuse to pocket millions of dollars in cash, fire full time employees, close worthless retail locations and tell the unions to go to hell. Staples - Office Depot - Office Max will fail as their model is wrong, their prices are too high and everything the sell comes from some Communist factory in China but Obama still has advice.
“It’s one thing when you’ve got a mom-and-pop store who can’t afford to provide paid sick leave or health insurance or minimum wage to workers — even though a large percentage of those small businesses do it because they know it’s the right thing to do,” Obama added. “But when I hear large corporations that make billions of dollars in profits trying to blame our interest in providing health insurance as an excuse for cutting back workers’ wages, shame on them.”
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