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COVID: Lowe’s gives workers $80M in 7th bonus of pandemic

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Dwelling enchancment firm Lowe’s says it has given out $1.three billion in pandemic bonuses and group reduction over the previous 12 months.

Dwelling enchancment firm Lowe’s says it plans to pay out one other $80 million in bonuses to its staff on account of the COVID-19 pandemic. It is also planning to rent one other 50,000 staff because it heads into the busy spring season. 

Lowe’s says the bonuses, going out Feb. 5, shall be $300 for full-time hourly staff and $150 for part-time and seasonal staff. The corporate says this shall be its seventh pandemic-related bonus to staff which, mixed with $150 million in donations to communities, involves $1.three billion.

“As we strategy spring, I’m enormously pleased with the way in which our associates have served prospects and supported one another this previous 12 months by way of an unprecedented well being disaster,” Lowe’s President and CEO Marvin Ellison stated in a press release. “We’re honored to be a vital enterprise to assist our prospects preserve their properties protected and practical throughout these very difficult instances.”

Lowe’s says it’s trying to rent one other 50,000 full-time, part-time and seasonal staff as spring approaches, which it says is its busiest time of 12 months.

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