Walmart's US workers gain pay rise and bonus

From BBC - January 11, 2018

Walmart plans to start paying its one million US workers at least $11 an hour and give them a one-off cash bonus.

The move follows last month's US tax code overhaul that cut the corporate rate from 35% to a flat 21%.

Hourly-paid employees will get the higher rate from next month.

It is the latest in a line of US giants that have promised to pass on some of the cash unleashed to staff. Others, including Wells Fargo and AT&T have promised wage rises or bonuses.

Full and part-time workers at Walmart, the world's biggest retailer, will receive a bonus of up to $1,000 based on their length of service. Those with 20 years of service will get the full $1,000.

The bonus payments will cost the company, which is worth $295bn, a total of $400m.


Continue reading at BBC »