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Walmart kicks off on-the-spot employee promotions

New York - Amid criticism surrounding its worker pay, Wal-Mart is holding "on-the-spot" promotion ceremonies at its stores across the country.

Walmart announced the plans Tuesday to promote more than 25,000 of its roughly 1.3 million U.S. employees by the end of January, bringing its annual tally to more than 160,000 promotions this year, roughly the same as last year.

The promotions will affect employees in both hourly and management positions and will come with higher pay and increased responsibilities.

The announcement comes just days after a Democratic lawmaker criticized the firm's executives as "welfare kings," citing the store's average full-time hourly wage of $12.83, or roughly $26,000 a year.

Wal-Mart has said that more than 475,000 of its employees make more than $26,000 a year, leading critics to point out that many additional employees must make less than that amount.


 
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