Wal-Mart to cut health benefits for some part-timers

Bentonville, Ark.-based Wal-Mart Stores Inc. (NYSE: WMT) announced Tuesday it would cut health insurance benefits for many workers who log in less than 30 hours a week.

Rising costs were cited by a senior executive as a reason the retailer’s part-time employees would no longer have access to employer-sponsored plans, which impacts about 2 percent of its workforce.

Wal-Mart is partnering with HealthCompare, a third-party specialist, to assist affected employees in finding a suitable alternative for health insurance.

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