White House: Companies Commit To Hiring 25,000 Veterans
October 19 2011 - 6:30AM
Dow Jones News
First Lady Michelle Obama will announce Wednesday that companies
such as ConAgra Foods Inc. (CAG) and Tyson Foods Inc. (TSN) are
committing to hiring 25,000 veterans by the end of 2013.
The move is part of a broader effort by the Obama administration
to help get soldiers returning from the wars in Iraq and
Afghanistan into the work force. President Barack Obama, who is on
the final leg of a three-day bus tour of North Carolina and
Virginia, also will use the announcement to tout tax credits for
businesses that hire veterans.
The first lady will announce that the American Logistics
Association, a group of companies that includes ConAgra, Tyson,
Procter & Gamble Co. (PG) and PepsiCo Inc. (PEP), will commit
to hiring 25,000 veterans by the end of 2013. She will make the
announcement at Joint Base Langley-Eustis in Virginia.
Pat Nixon, president of the American Logistics Association, said
many of the companies in the group already frequently hire
veterans. Still, he said, increasing awareness about the need to
hire veterans and the special leadership skills they build on the
battlefield should help boost employment for soldiers returning
from war.
Nixon said veterans will have opportunities that span the
"gamut" of positions, from entry-level jobs to management
positions. Nixon said once chief executives see other companies
making the commitment, they will follow suit.
Other business groups, such as the U.S. Chamber of Commerce,
already have partnered with the White House to help veterans land
jobs. As part of his jobs plan, Obama has proposed providing tax
credits to companies who hire veterans.
The president frequently bemoans the fact that veterans
sometimes struggle to find jobs. "We ask these men and women to
leave their careers, their families, to risk their lives for our
country. The last thing they should have to do is fight to get a
job when they come home," Obama says frequently when pitching his
jobs bill.
-By Jared A. Favole, Dow Jones Newswires; 202-862-9256;
jared.favole@dowjones.com
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