Wal-Mart to hire 100,000 veterans


By Emily Jane Fox @CNNMoney

January 15, 2013


NEW YORK (CNNMoney) -- Veterans who have recently returned home are getting the attention of Wal-Mart.


Wal-Mart Stores (WMT, Fortune 500) said Tuesday that, over the next five years, it will hire every veteran who honorably left the military in the last year.


More than 100,000 people are expected to find work through the program, making it one of the largest hiring commitments for veterans on record, the nation's largest retailer said.


In recent years, finding any work, let alone good jobs, has been a struggle for veterans. The unemployment rate for veterans serving in recent wars has fallen some, but remained at a doggedly high 10.8% in December. That's still well above the 7.5% rate for nonveterans.


"Too many of those who fought for us abroad now find themselves fighting for jobs at home," Bill Simon, president and CEO of Wal-Mart U.S. said in a speech Tuesday.


Simon said that the retailer was already the largest private employer of veterans in the country, even before this new push. About 100,000 of the company's 1.4 million employees in the U.S. are veterans, a Wal-Mart spokesman said.


The program is set to kick off on Memorial Day...