Mondelez raises hourly wage, hands out weekly bonus as virus worries fuel demand

Mondelez International Inc on Monday said it would increase hourly wage by US$2 and pay a US$125 weekly bonus for its sales representatives as it rushes to meet a surge in demand for its packaged food due to the coronavirus outbreak.

FILE PHOTO: The logo of Mondelez International is seen on an office building in the Glattpark district in Opfikon, Switzerland October 2, 2018. REUTERS/Arnd WiegmannREUTERS: Mondelez International Inc on Monday said it would increase hourly wage by US$2 and pay a US$125 weekly bonus for its sales representatives as it rushes to meet a surge in demand for its packaged food due to the coronavirus outbreak.

Consumers have been stockpiling on essential goods and packaged foods in the past few weeks as more U.S. states go into lockdown to contain the fast-spreading virus, which has killed over 400 in the United States.Retail giants Amazon.com Inc and Walmart Inc have also temporarily raised pay for their hourly U.S. workers, while Jif peanut butter maker J.M. Smucker said on Monday it would give a US$1,500 one-time bonus to each of its 5,700 employees on duty.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As coronavirus fuels meat demand, processors raise pay for North American farmers, workersNorth American meat processors said on Monday they would pay extra money to farmers and slaughterhouse workers as the companies scramble to meet ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US: Wall St slides as Fed boost fails to assuage virus worries[NEW YORK] US stocks opened lower on Monday as a brief spurt of optimism from an aggressive credit boost by the Federal Reserve was overshadowed by the still rapidly spreading coronavirus pandemic. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Futures slide again as virus lockdown raises contraction fearsUS stock index futures tumbled on Monday on rising estimates of the economic damage from the coronavirus pandemic, with Goldman Sachs estimating a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Oil prices volatile as virus saps demandOil prices were mixed in volatile Asian trade on Monday, but remained at multi-year lows due to the double shock of the coronavirus pandemic and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

WEEKLY ROUND-UP: Sports happenings in Singapore (16-22 March)SINGAPORE — Here is a round-up of sports events and developments in the past week (16 to 22 March).
Source: YahooSG - 🏆 3. / 71 Read more »

Social capital and trust help government respond to virus crisis: PM LeeTHE Singapore government is able to respond effectively to the Covid-19 outbreak by being transparent and having the people's trust, said Prime Minister Lee Hsien Loong. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »