Walmart: More Bonuses + Stores Closed Thanksgiving Day
Breaking news: Walmart and Sam’s Club stores will close on Thanksgiving this year, to give associates much-needed time with family. In addition, they will pay $428 million in special bonuses. According to one part-timer, after taxes that means about $70.
This move could likely result in other stores following suit, similar to the recent announcement of Walmart requiring masks and many other stores nationwide following their lead.
Walmart to Close on Thanksgiving Day
They take care of you and we want to take care of them. Along with special cash bonuses this quarter, we will be closing our doors on Thanksgiving Day to give our associates much-needed time with their loved ones. https://t.co/nbk7o0bkZq pic.twitter.com/3Lenfi6ZhT
— Walmart (@Walmart) July 21, 2020
According to a Walmart, press release:
BENTONVILLE, Ark., July 21, 2020 — Walmart today announced it will pay out another special cash bonus to store, club, distribution center and fulfillment center associates for their ongoing contributions and dedication to serving customers, members and communities during this unprecedented time. The bonus will be $300 for full-time hourly associates and $150 for part-time hourly and temporary associates. Drivers, Managers and Assistant Managers in stores, clubs, DCs, FCs and Health & Wellness will also receive a bonus. It will add up to approximately $428 million.
“Our associates have been working at an incredible pace, they’ve solved problems, and they’ve set an amazing example for others,” said John Furner, President and CEO of Walmart U.S. “To further appreciate their incredible work, we are pleased to share another special cash bonus this summer.”
Who Qualifies for the Bonus?
U.S. associates (excluding salaried office associates) employed by the company as of July 31 will qualify, and it will pay out on Aug. 20. This is the third special bonus Walmart has given to associates in 2020, totaling $1.1 billion in bonuses so far this year, in addition to the regular incentive it provides to frontline associates on a quarterly basis.
“Since the beginning of this pandemic, I’ve been so proud to see how our associates have pulled together to take care of each other and our members,” said Kathryn McLay, President and CEO of Sam’s Club. “These are extraordinary times, and our associates have lifted each other up in extraordinary ways, and we are so grateful.”
Stores Closed on Thanksgiving, Reopening for Black Friday
Today Walmart also announced that it has made the decision to close Walmart stores on Thanksgiving Day, Nov. 26, this year. Our Sam’s Club locations will also be closed again this year on this day.
“We know this has been a trying year, and our associates have stepped up. And, we hope they will enjoy a special Thanksgiving Day at home with their loved ones,” said Furner. “We are certainly thankful to our people for all of their efforts.”
Walmart stores and Sam’s Club locations will operate normal hours on Wednesday, Nov. 25. Information for store and club hours on Friday, Nov. 27, will be shared at a later date.