Wal-Mart employees in West Virginia to receive bonuses
PARKERSBURG — Wal-Mart employees in West Virginia will receive cash bonuses totaling $5 million because of the Tax Cuts & Jobs Act approved by Congress, the company said.
More than $560 million nationwide in fourth-quarter 2017 performance-based bonuses and tenure-based one-time cash bonuses were made, Wal-Mart said. More than $400 million in one-time cash bonuses are tied to recent changes in tax law, the company said.
The bonuses, along with an annual pay raise for hourly field associates, were included in the March 8 paycheck. Between the fourth-quarter performance bonuses, tenure-based bonuses, pay increases and recent paid time off cash outs, more than $1 billion flowed to hourly employees in February and March.
In January, Walmart announced plans to increase the starting wage in the U.S. to at least $11, expand maternity and parental leave benefits and provide a one-time cash bonus for eligible associates of up to $1,000. A new adoption assistance benefit of $5,000 per child, also announced with the other changes, went into effect on Feb. 1. Walmart in West Virginia, including the stores in Parkersburg and Vienna, operates 43 retail units. It spent $230 million with local suppliers, which supported more than 7,000 supplier jobs in 2017, according to Dunn & Bradstreet, paid more than $45 million in taxes and collected more than $109 million in sales taxes in 2017.