BENTONVILLE, Ark. — Wal-Mart Stores here will give out about $2 billion in bonuses and other awards to hourly employees, the company said Thursday. The figure includes $933.6 million in payroll bonuses, $788.8 million in profit-sharing and 401(k) contributions, and “hundreds of millions of dollars” worth of merchandise discounts and contributions to employee stock-purchasing plans, according to a company memo from Mike Duke, Wal-Mart's new chief executive officer. The contributions are up ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.