Walmart to Invest $84 Million in Guatemala

The multinational retail company has announced the opening of 25 new stores in the country.

Friday, April 8, 2011

By the end of 2011, Walmart will open 25 new stores, bringing to 200 the total number in Guatemala. It will also carry out remodeling works at its hypermarket style stores branded Maxi Bodega and Despensa Familiar, according to Alberto Ebrard, executive vice-president and general manager for the firm's Mexican and Central American operations.

"In a press conference, Ebrard commented that in 2011 they expect to create 770 new jobs, which combined with the existing 9,280 workforce will mean that by the end of the year Walmart will employ 10,000 people," reports Prensallibre.com.

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