Walmart announces another $700M in cash bonuses
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. (Photo by Kena Betancur/VIEWpress via Getty Images)
Walmart on Friday, Dec. 4 announced an additional $700 million in cash bonuses to its associates based in the U.S.
The latest round of bonuses brings Walmart's 2020 quarterly and special cash bonuses for those associates to more than $2.8 billion.
The company’s latest bonus announcement includes $5.7 million in quarterly bonuses paid to Wisconsin associates in their Nov. 25 paychecks following strong third-quarter business performance and an estimated $7.4 million in special cash bonuses to be paid to Wisconsin associates on Dec. 24 in recognition of associates’ sustained commitment to customers during the pandemic. Full and part-time associates are eligible for both bonuses.
Approximately 1.5 million full- and part-time Walmart and Sam’s Club associates working in the company’s stores, clubs, distribution centers and fulfillment centers will receive the special cash bonus on Dec. 24. It will be Walmart’s fourth special cash bonus paid to U.S. associates since the start of the pandemic.
All U.S.-based hourly associates are eligible for the latest special cash bonus. The bonus amounts will be similar to the previous three special cash bonuses Walmart has provided its associates during the pandemic.
Part-time and temporary hourly associates will receive $150 and full-time hourly associates will receive $300. More than 60% of Walmart’s hourly associates are full-time. Drivers, managers and assistant managers will also receive a special cash bonus.
FREE DOWNLOAD: Get breaking news alerts in the FOX6 News app for iOS or Android.
Featured
Milwaukee shop finds new way to boost business during pandemic
Traditional shopping habits have been shattered by the COVID-19 pandemic. However, one Milwaukee business is still set to have one of its best years yet.
Featured
Sephora to take over cosmetics in Kohl's stores
Sephora will be replacing all cosmetics areas at Kohl's with 2,500 square foot shops, starting with 200 locations late next year.