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| Home Depot |
The worlds largest home improvement retailer and
the second largest retailer in the United States, Home Depot is looking
to an unusual partner – the Department of Labor— to help
provide the 40,000 workers they expect to hire in the coming year
and the 150,000 employees they anticipate needing in the next four
years. The company is currently opening a new store every 43 hours
and will open 200 new stores in 2002.
The Department of Labor’s National Business Partnership program
provides service to unemployed or dislocated workers seeking jobs
and serves the needs of businesses. "This is a win-win situation,
a tremendous opportunity for so many dislocated workers," according
to Labor Secretary Elaine Chao. The Department of Labor recruits,
screens, and refers applicants preparing to join Home Depot.
Home Depot will consider the applicants for various positions at new
and existing stores including lot attendants, sales associates, and
supervisors. Home Depot generally prices its starting pay at rates
between five and 15 percent over the local community pay market for
retail.
The announcement of the partnership came on June 5, 2002 and investors
responded to the announcement with Home Depot shares closing at 1.1%
higher than they had at the start of the day.
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