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



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 employees because of the COVID-19 pandemic. It is also planning to rent one other 50,000 employees because it heads into the busy spring season. 

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

“As we method spring, I’m enormously happy with the way in which our associates have served prospects and supported one another this previous 12 months via an unprecedented well being disaster,” Lowe’s President and CEO Marvin Ellison mentioned in an announcement. “We’re honored to be a vital enterprise to assist our prospects hold their properties protected and useful throughout these very difficult instances.”

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

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