March 18, 2018

Walmart raising starting pay, dishing out bonuses to employees

13 January 2018, 03:53 | Cameron Gross

Moline's Sam's Club slammed with customers after closing announcement

Anti-Walmart Group Unimpressed With Tax Bonuses

Walmart executives said they were able to boost employee benefits following the tax reform, which cut United States corporate taxes from 35 to 21 percent. The store would close, for good, January 26, a sign on the store stated.

Walmart said it would increase the starting wage rate for all hourly associates in the United States to $11, expand maternity and parental leave benefits and provide a one-time cash bonus for eligible associates of up to $1,000.

Employees at all three Jacksonville stores answered the phone Thursday and said they were open.

Central Texas Sam's Clubs aren't among those scheduled to close, but stores in Houston, New Caney and San Antonio are.

The warehouse store's lone location in the city, at 3201 S. Louise Ave., was not one of dozens of stores abruptly closed by owner Walmart on Thursday. "Sam's Club contracted a private security company who stationed an officer outside the store to inform the public of its closure".

"We've chose to close a series of clubs and better align our locations with our strategy", a tweet from the official Sam's Club account read.

A message for customers who call the Sam's Club's Edgewood Boulevard store phone number says the location, south of Miller Road, was closed Thursday but is expected to reopen at 10 a.m. Friday.

The new employee benefits would affect more than 1 million employees at Walmart US, Sam's Club, in e-commerce and other departments, the company said.

Walmart said it will record a discrete charge of approximately 14c per share related to the actions. We will be closing some clubs, and we notified them today.

The company is also boosting its paid maternity leave policy for full-time hourly workers to 10 weeks at full pay.

The one-time bonus employees will receive will be proportional to the amount of time each individual has spent with the company, up to $1,000.

The retailer said Thursday changes that to its compensation and benefits policy will impact more than a million hourly workers in the US, with the wage increase effective next month.

Other News

Trending Now

Why Gillian Anderson Is Saying Goodbye to The X-Files Forever
I arrived at the decision before we did the previous six, but I was really curious. There's lots of things that I want to do in my life and my career.

Florida capital sees first snowfall in nearly three decades
Much of the state is under a weather alert, from freeze warnings and wind chill advisory to a winter storm warning. Brunswick police added that there have already been crashes and they are advising motorists to stay off the roads.

United States sees India an alternative hub for business to China
A number of USA companies have reported increasing difficulties conducting business in the largest market in the region - China. Praising Indians, he said 33 per cent of all immigrant-founded start-ups in the U.S. have Indian founders.

UP DM, SDM sought favours for Lalu, Probe ordered
The court convicted Lalu Prasad and 15 others on December 23 in the case relating to the multi-million-rupee scam. Last month, the special CBI judge in Ranchi sentenced Lalu to three-and-a-half years jail in a fodder scam case.

BJP files complaint against K'taka CM
The Congress defended CM Siddaramaiah saying he wouldn't have made the comment without intelligence inputs. Hitting out at Shah, Vadakkan said it was "strange" that Shah called the state government as "anti-Hindu".

Vodafone ₹458 and ₹509 prepaid plans revised: Here's what you get now
Jio subscribers are also provided with the upgraded Rs. 349 pack that offers similar benefits for 70 days. As the plan offered by other telcos, Vodafone also offers unlimited local and STD calls.

Gal Gadot is Huawei's secret weapon, as United States distribution plans fall through
Huawei's Washington-based spokesman William Plummer said on Tuesday that "privacy and security are always our first priority". Huawei said it would sell the Mate 10 Pro in the USA unlocked, meaning it won't be attached to any particular carrier.

John Cena Joins Rise of the Teenage Mutant Ninja Turtles Series
You can see Cena getting slimed during his previous appearance at the Kids' Choice Awards a year ago down below. For the second year in a row, Cena has confirmed that he will be hosting the Kids' Choice Awards .

Herdsmen Killing: Benue Residents Mourn As 73 Victims Were Given Mass Burial
The insecurity was only in some parts of the North- East and North-Central but now there's Enugu massacre, Edo massacre, Rivers massacre and then Benue.

Shilpa cries after Akash gets evicted
Many viewers feel Shilpa used her cooking abilities to win the hearts of viewers and portray herself as a gentle person. It has to be recalled that Akash was quite close to Arshi, he hugged her, kissed her and even shared the same bed.