Walgreens Informative - 16,000 Assistants Slated For Termination
CHICAGO, ILLINOIS -- The Walgreens Company payroll rewiring program is planning on removing 16,000 assistant managers in 2012 and 2013 using constructive dismissal tactics. Then promote cashiers to key carriers, remove 2,000 EXA's, and remove 2,000 store managers. The savings target is one billion dollars.
Walgreens executive population has never taken a pay cut or reduction in numbers in over 100 years of business.
Store Community Leaders will manage a number of stores to be determined. The executive and governmental divisions of Walgreens will continue to expand. Walgreens has very solid sales and profit growth. Expansion has slowed in many metro markets; similar to what happened to four corner gas stations.
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