news 5 days ago

Lowe's, Walmart giving workers another round of bonuses during COVID-19 crisis

The Charlotte Observer — Catherine Muccigrosso The Charlotte Observer

June 29-- Jun. 29--Lowe's Home Improvement workers will see another bonus during the novel coronavirus pandemic.

The company on Monday announced another $100 million in bonuses for hourly workers in U.S. stores, distribution centers and support centers in mid-July. Full-time workers will receive $300, and part-time and seasonal associates will receive $150 -- matching previous bonuses by the company in March and May.

"This year has been full of challenges and uncertainty, and we are tremendously grateful for the hard work, dedication and commitment of our front-line associates," said Marvin Ellison, Lowe's CEO and president.

Lowe's has committed more than $450 million during the crisis, which, according to the company, included hourly pay increases in April, $87 million in profit-sharing bonuses to front-line associates in June and telemedicine services to all associates, even those not enrolled in the company medical plans.

Lowe's also has provided $70 million in grants and donated personal protection equipment to healthcare workers and minority-owned small businesses.

The Mooresville-based company has more than 2,200 home improvement and hardware stores, and employs about 300,000 people.

Other bonuses

Walmart last week announced workers in North Carolina received another bonus, adding up to $13.8 million statewide.

This bonus -- the third in less than three months -- awards $300 to full-time hourly store employees and drivers, $150 to part-time hourly and temporary store employees, and $400 to assistant managers, the company said in a statement.

Store employees must be employed by the company as of June 5 to qualify.

Walmart has contributed almost $1 billion in bonuses that includes an early quarterly bonus payout, according to the company.

The company also hired more than 7,000 people in North Carolina during the pandemic.

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