Lowe's to pay $55 million in bonuses to help employees with rising costs

  • 📰 ABC7
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 68%

United States Headlines News

United States Latest News,United States Headlines

Lowe's announced it will give out $55 million in bonuses this quarter to help employees cope with a rising cost of living.

The company is giving bonuses to hourly, front-line associates to help cope with high inflation.The goal is to help offset the rising costs due to inflation.Copyright © 2022 KABC Television, LLC. All rights reserved.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

or pay them a living wage.

That's cheaper than raising wages.

Long as Newsom covering the CA part with our taxes, cool.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 67. in US

United States Latest News, United States Headlines

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

This $55 Activewear Set Is an End-of-Summer EssentialOur editor test drove Old Navy's Medium Support PowerSoft Strappy Sports Bra and matching Dolphin-Hem Run Shorts and said they're both cute and functional.
Source: POPSUGAR Fitness - 🏆 401. / 53 Read more »

Lowe’s to pay $55 million in bonuses for hourly frontline workers amid high inflationLowe’s gave seven similar bonuses after the pandemic began in 2020 and 2021.
Source: KTVU - 🏆 465. / 53 Read more »

ECC planning $55M manufacturing center to train employees of the future as job demands increaseThe Elgin Community College Board has signed off on the architecture, engineering and construction management contracts needed for a $55 million manufacturing center to be built on its McLean Boulevard campus in Elgin.
Source: chicagotribune - 🏆 8. / 91 Read more »

Lowe's 3-run homer helps Rangers over Athletics 10-3Nathaniel Lowe hit a three-run home run, Jonah Heim drove in two runs against his former team and the Texas Rangers beat the Oakland Athletics 10-3 on Thursday.
Source: CBS DFW - 🏆 542. / 51 Read more »

Lowe’s to pay $55 million in bonuses for hourly frontline workers amid high inflationLowe’s gave seven similar bonuses after the pandemic began in 2020 and 2021.
Source: KTVU - 🏆 465. / 53 Read more »

Seattle CEO who cut his pay so workers earned $70K resignsA Seattle CEO who announced in 2015 that he was giving himself a drastic pay cut to help cover the cost of big raises for his employees has announced his resignation.
Source: FOX26Houston - 🏆 448. / 53 Read more »