Bloomberg News

Wal-Mart, Massmart ‘Respectfully Disagree’ With Job Cuts Ruling

March 09, 2012

Wal-Mart Stores Inc. (WMT) and Massmart Holdings Ltd. (MSM) “respectfully disagree” with the Competition Appeal Court’s finding that there appeared to be a link between 503 job cuts and the companies’ merger, Massmart spokesman Brian Leroni said.

The process of reinstating workers has already begun, Leroni said in Cape Town today. The companies welcomed the court decision upholding Wal-Mart’s takeover of Massmart, he said.

To contact the reporter on this story: Robert Brand in Cape Town at

To contact the editor responsible for this story: Hilton Shone at

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