BENTONVILLE, Ark. — Wal-Mart Stores here said it will join with the Walmart Foundation in committing $10 million over the next five years to support job readiness and training of returning servicemen and servicewomen.
According to Wal-Mart, the funding will allow it to further support nonprofit groups that assist veterans to pursue higher education and enable them to re-integrate into civilian life more easily.
Citing statistics from the U.S. Department of Labor, Wal-Mart said more than 250,000 veterans were unemployed as of March.
“As one of the nation's largest private employers of veterans, Wal-Mart made this $10 million commitment to address the alarming unemployment situation facing our veterans and to create even more job opportunities for those who so bravely protected our country,” the company said in a statement.