Walmart, Citing Tax Cuts, Raising Wages and Expanding Benefits

Walmart, the nation’s largest private employer, said on Thursday that it would raise its starting wages, give bonuses to some employees and vastly expand maternity and parental leave benefits for its army of more than one million hourly workers.

The retailer said that it would use some of the money it expects to save under the recently passed tax bill to pay for the raises and enhanced benefits.

“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.,” the company said in a statement.

Walmart said it would increase its starting hourly wage to $11 from $9, and provide one-time cash bonuses of up $1,000 to hourly workers, depending on how long they have been with the company.

Read more

Related Posts

Leave A Comment