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Wal-Mart navigates store closings in China

  • Wal-Mart (WMT) is under pressure from local politicians in China to settle a labor dispute at a store the company plans to close.
  • Employees want double the severance that the Bentonville giant has offered up.
  • The company has closed 20 stores already in China as part of a broad plan to shut down as many as 30 stores.
  • What to watch: Wal-Mart has had its share of public relations flaps in China and is likely to settle the labor dispute before it gains steam.
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