Wal-Mart Reaches Deal With NYC Construction Union

Wal-Mart has reached a deal in principle with the Building and Construction Trades Council of Greater New York that guarantees union workers will construct or renovate any stores that the retailer opens in the city during the next five years. The deal is a coup for Wal-Mart, which faces stiff opposition from grocery and retail unions worried that the retailer's entry into the New York City market will put downward pressure on the salaries of their members.