Lowe’s to pay $100 million more in bonuses to hourly workers amid pandemic

Business

FARMINGDALE, NEW YORK – MAY 20: Shoppers patronage Lowe’s home-improvement store on May 20, 2020 in Farmingdale, New York. The company announced an upbeat fiscal first-quarter report this morning as home-improvement stores were deemed essential services during the coronavirus pandemic. (Photo by Bruce Bennett/Getty Images)

MOORESVILLE, N.C. (NewsNation Now) —  Lowe’s announced Wednesday it will give an additional $100 million in bonuses to front-line hourly employees amid the coronavirus pandemic.

The home improvement chain will distribute the bonuses to hourly employees in all of its U.S. stores, distribution centers and support centers on Oct. 16. Full-time workers will get $300, and part-time and seasonal workers will receive $150.

“Throughout the spring, summer and now into fall, our front-line associates have shown remarkable resilience and dedication to our communities in the most trying times we have faced together,” said Marvin R. Ellison, Lowe’s president and CEO in a statement. “As we continue to provide extraordinary service to our customers throughout the pandemic, we are pleased to provide this additional bonus as a thank you to our associates for their perseverance and continued commitment to our customers.”

It’s the sixth time the retailer has given bonuses during the pandemic. It gave out similar ones in March, May, July and August, and it increased pay by $2 an hour for the month of April.

With the latest round of bonuses, the retailer will have paid more than $675 million in additional pay to employees this year.

Lowe’s joins a list of other national companies that have given bonuses or increased pay to employees during the pandemic, including Walmart, Target and Kroger.

Nexstar Media Wire contributed to this report.

© 1998 - 2020 Nexstar Inc. | All Rights Reserved.