Wal-Mart Set To Give Hourly Employees Bonuses

Wal-Mart employees are about to get a nice little bonuses the company announced Thursday. Employees are being awarded about $2 billion through financial incentives.
A memo was distributed to employees saying that hourly workers would be awarded roughly $2 billion, which includes $933.6 million in bonuses, $788.8 million in profit sharing and 401(k) contributions, millions of dollars in merchandise discounts, and contributions to its employee stock purchase plan.

Reuters reports:

“While economic challenges forced others to step back, we moved forward,” Wal-Mart CEO Mike Duke stated in the memo.

The memo was given only to employees. Reuters was able to obtain a copy.


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