Walmart Temporarily Raising Its Minimum Wage by $2
Walmart (NYSE: WMT) has raised its minimum wage by $2 for workers in its e-commerce fulfillment centers and warehouses. Hourly wages for those positions will be between $15 and $19 now through Memorial Day, according to Reuters.
The retail giant has started adding 150,000 workers to its workforce. That's being done in an effort to keep store shelves stocked and get orders delivered to customers who would normally be coming to stores. Walmart has also created a bonus plan for its workers, according to a company statement:
The bonus is for all U.S. hourly associates in stores, clubs, supply chain, and offices. The bonus will be $300 for full-time hourly associates and $150 for part-time hourly associates and will add up to more than $365 million. Every hourly associate employed by the company as of March 1 will qualify, and it will pay out on April 2.
Source Fool.com
