December 09, 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.

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