Pay raises and bonuses from Walmart

Walmart has confirmed Thursday that it is closing dozens of Sam’s Clubs warehouse stores.

This a move that a union-backed group estimated could cost thousands of jobs.

On the same day, the company announced that it was boosting its starting salary for U.S. workers and handing out bonuses.

The one-time bonus between $200 and $1,000 will be given to Walmart employees who won’t receive a pay raise.

Walmart shared this image on their Twitter page sharing the “exciting” news.

According to the Associated Press, the world’s largest private employer said it was closing 63 of its 660 Sam’s Clubs over the next weeks, with some shut already. Ten are being converted into e-commerce distribution centers, according to a company official who spoke on condition of anonymity because he was not authorized to discuss details of the decision publicly.

Walmart had cited the sweeping Republican tax overhaul that will save it money in announcing the higher hourly wages, one-time bonuses and expanded parental benefits that will affect more than a million hourly workers in the U.S.

President Trump was excited about the news tweeting a video on Twitter from the Fox Business Network.

Walmart announced that full-time hourly U.S. employees can get 10 weeks of paid maternity leave and six weeks of paid parental leave. Before, full-time hourly workers received 50 percent of their pay for leave. Salaried employees, who already had 10 weeks paid maternity leave, will receive more paid parental leave.

For the first time, Walmart also promised to help with adoptions, offering full-time hourly and salaried workers $5,000 per child that can be used for expenses such as adoption agency fees, translation fees and legal or court costs.

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