Retail

Walmart to spend $428 million on new round of worker bonuses, retailer will close on Thanksgiving


Customers wearing face masks shop at a Walmart supermarket amid novel coronavirus outbreak on July 15, 2020 in Washington, DC.

Sha Hanting | China News Service via Getty Images

Walmart said Tuesday that it will give another round of bonuses to hourly employees and close its stores on Thanksgiving Day.

The big-box retailer said in a news release that it will spend about $428 million on the bonuses to thank employees for working during the pandemic. Full-time hourly employees will receive $300 and part-time and temporary workers will get $150. The company will pay the bonuses on Aug. 20.

Walmart is the largest private sector employer in the country. It’s hired more than 200,000 employees to help the company stock shelves, clean stores and keep up with online orders as Americans buy more groceries as they stay at home during the pandemic.

The company has given two other special bonuses to employees. All of the bonuses have totaled $1.1 billion.

In the announcement, Walmart said all of its stores — and its warehouse clubs Sam’s Club — will be closed on Thanksgiving Day to show appreciation for workers, too.

“We know this has been a trying year, and our associates have stepped up. We hope they will enjoy a special Thanksgiving Day at home with their loved ones,” said John Furner, president and CEO of Walmart U.S. said in a news release. “We are certainly thankful to our people for all of their efforts.”

This is a breaking news story. Please check back for updates.



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