Walmart Spent $428 Million In Bonuses To Employees.
According to a report from the US Consumer News and Business Channel (CNBC) on July 21, Walmart said on Tuesday that the company will give hourly workers a round of about $428 million US dollars in bonuses on August 20th to thank employees for their work during the COVID-19 epidemic.
Wal-Mart is the largest grocer and private-sector employer in the United States. A company spokesperson said that up to now, the company has hired more than 400,000 employees during the COVID-19 pandemic to help clear inventory, clean stores, and process online orders.
Wal-Mart said in a press release that it will pay about $428 million in bonuses to thank employees for their work during the COVID-19 epidemic. Full-time hourly workers will receive $300, and part-time and temporary employees will receive $150. In addition, Wal-Mart has paid employees two other special bonuses, all of which total $1.1 billion.
As consumers spend more time at home during the epidemic, they will choose to buy more groceries, toilet paper, and other products at Wal-Mart, which makes Wal-Mart’s sales soar. In the first quarter ended April 30, US same-store sales increased by 10%, and e-commerce sales increased by 74%. In addition, Wal-Mart’s stock price has risen by 12% this year, with a market value of nearly $377 billion.
This week, Walmart began requiring all customers to wear masks.
However, Wal-Mart employees had to work during the outbreak to meet strong customer demand, putting their health at risk. Some Wal-Mart employees have fallen ill and even died of new coronavirus. However, during the outbreak, Wal-Mart also took more and more security measures, including the provision of masks and the measurement of employee sizzles.
In Tuesday’s announcement, Wal-Mart said: “We know it’s been a tough year and our colleagues have done something about it. We want them to spend a special Thanksgiving at home with their loved ones. We also thank our people for all their efforts. “To thank the employees, Wal-Mart’s store and warehouse brand, Sam’s Club, will close on Thanksgiving Day.