Walmart to raise pay for 425,000 of its employees
On Thursday, retail giant Walmart made the announcement that wages will go up to between $13 to $19 per hour for almost half a million of its employees.
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On Thursday, retail giant Walmart made the announcement that wages will go up to between $13 to $19 per hour for almost half a million of its employees.
On Thursday, retail giant Walmart made the announcement that wages will go up to between $13 to $19 per hour for almost half a million of its employees.
John Furner, the CEO and President of Walmart issued a statement to the company's employees, saying that that the raises will go into effect on March 13.
According to The Hill, Walmart has seen positive growth in the year 2020, as one of the few exceptions in the hard-hit retail sector. The company showed 8.6% growth in a sector where many established businesses went under due to the pandemic and the resulting lockdown measures.
The pay raises will be for Walmart's digital and stocking workers, workers in areas which the company considers essential to its resiliency in such a tough environment.
Furner's statement says, in part:
"[The pay raise] It follows other actions we took last year, including special COVID-19 bonuses, raising pay for 165,000 key leadership roles, and restructuring to a team-based model of working in our stores. Whatever your role, know that we’ll continue to support and invest in you."
"We did a lot right last year, and our customers rewarded us."
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