NEW YORK (CBSNewYork/AP) — Walmart Stores Inc., the world’s largest retailer and nation’s largest private employer, is making a pledge to hire more than 100,000 veterans.
Bill Simon, president and CEO of Walmart’s U.S. business, announced the plans Tuesday at the annual National Retail Federation convention at the Jacob K. Javits Convention Center in Manhattan.
“We know not every veteran wants to work in retail, and that’s okay, but every veteran who does will have a place to go,” Simon said.
The unemployment rate for veterans who served in Iraq or Afghanistan stood at 10.8 percent in December versus the overall unemployment rate of 7.8 percent.
Walmart projects that it will hire more than 100,000 recently honorably discharged veterans in the next five years. The hiring pledge, which will begin on Memorial Day, covers veterans within 12 months of leaving active duty.