Walmart will increase pay and pay bonuses after tax reform

Фото: Depositphotos

Walmart plans to raise the company's initial salary and provide a one-time cash bonus for employees, citing the tax reform bill passed by Republicans and signed by President Trump last month.

The initial salary will increase to $ 11 per hour, and the amount of cash bonuses will amount to $ 1000, the retail giant reported.

Wage increases will start on February 17. The size of bonuses depends on the duration of work. Employees who have been with the company for at least 20 for years are eligible to receive $ 1000.

In addition, the company will increase maternity benefits as well as childcare benefits and create new benefits to help employees with adoption costs.

Full-time workers will be eligible for 10 weeks of paid maternity leave and six weeks of paid parental leave.

“In the early stages of evaluating opportunities, tax reform creates an opportunity for us to invest in our customers and partners and further strengthen our business, all of which should benefit our shareholders,” President and CEO Doug McMillon said in a statement. “Tax reform gives us the opportunity to be more competitive around the world.”

Recall that after the tax reform a number of companies in the United States He pledgedand employees additional bonuses.

US Senate 20 December accepted the tax reform bill prepared by the administration of President Donald Trump. On the eve of the document approved by the House of Representatives. Now the regulation will be submitted for signature to the head of the White House, after which it will be able to gain legal force. Among other things, it will reduce the corporate tax rate to 21% from 35%.

The White House confidently stated that this measure would be a blessing for the workers, as companies would invest their tax savings in wages and jobs. Many economists argue that corporations will use the funds in the interests of their investors by repurchasing shares and receiving large dividends.

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