walmart downsizing presentation
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Walmart Downsizing PresentationTRANSCRIPT
Downsizing at
About Bharti Wal-MartJV between Bharti Enterprises and Wal-Mart50:50 stakes in Bharti Wal-Mart Pvt LtdWholesale cash-&-carry stores and back-end
supply chain management operations19 Best Price Modern Wholesale StoresProduct range offers items across multiple
categories
BackgroundWal-Mart and Bharti end India ventureWal-Mart will acquire Bharti’s 50% stakeWal-Mart will control the cash and carry
business, where 100 % FDI is allowedBharti will operate the Easyday retail stores
in the country for which Wal Mart had provided back-end support
Wal-Mart has to scout for an Indian partner before stepping into the multi-brand retail space.
Why was the breakup expected?Retail business requires deep pocketsLow margins, high costsPolicy uncertaintyPolitical uncertainty
Downsizing & its implications
Walmart’s India operations account for about 1,000 employees.
About 100 Wal-mart employees in India fired due to downsizing
Choice to relocate to other citiesChoice to opt for Walmart or BhartiLow employee moraleRaj Jain, ex Walmart India head moved to Bharti
RetailKrish Iyer was named Walmart India’s new head
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