Walmart threatens to cut ties with truckers that also haul for Amazon

Re:Walmart threatens to cut ties with truckers that also hau... by threatofrain on Saturday July 01, 2017 @01:56PM (#14678102)

I don't understand a mega-corporation delaying payment to employees. Is that part of a Fortune 500's business model?

For what little benefit do they gain by playing these low level wage tricks?

[ Parent | on HN ]

Re:Walmart threatens to cut ties with truckers that also hau... by mjcl on Saturday July 01, 2017 @10:36PM (#14680534)

I worked for a company that used fast payments to induce vendors to accept payment via "payment card." If a vendor wanted to continue getting checks or ACH payments, the payment would be processed 2 days before the late date.

In this case, the bank (WFB) had a payment card revenue-share agreement with the company, the commercial card version of cash back.

[ Parent | on HN ]

Re:Walmart threatens to cut ties with truckers that also hau... by reaperducer on Saturday July 01, 2017 @04:06PM (#14678714)

Is that part of a Fortune 500's business model?

Yes.

For what little benefit do they gain by playing these low level wage tricks?

The money from those who give up, and a year's worth of interest on millions of dollars from those who don't give up.

[ Parent | on HN ]