Lowe Hires 30,000 Posts and Gives Employees $ 80 Million Bonuses for Coronavirus – News – The Palm Beach Post

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Lowe Hires 30,000 Posts and Gives Employees $ 80 Million Bonuses for Coronavirus - News - The Palm Beach Post

Lowe’s hires 30,000 employees and gives employees $ 80 million in bonuses as part of its response to the growing coronavirus pandemic.

The 300,000 employees in the home chain range from $ 150 for part-time workers to $ 300 for full-time workers, Lowe’s CEO Marvin Ellison said in an interview with the US TODAY.

Bonus payments given March 31 will not be subject to withholding tax, Ellison said.

“We spend less time thinking about revenue and thinking less than we can give our partners the support they need, whether we can be a good corporate citizen. Can we do everything we can to help with these really? Unprecedented times,” Ellison said.

The company also provides coronavirus-exposed workers for up to four weeks of paid emergency leave, Ellison said, similar to a target program announced last week. The Centers for Disease Control and Prevention have reported that COVID-19 is a risk for those over the age of 65, pregnant, or underlying.

Ellison said the company provides free Teladoc services to employees and their families, whether or not they have a health plan.

The company is domiciled in North Carolina.

Like other retailers, Lowe’s is beginning to install brain protectors or plexiglass barriers or partitions in stores, Ellison said they are moving as fast as they can. Labels and in-store announcements also include reminders of social distance.

Ellison said Lowe’s has donated N-95 masks to health centers around the country.

Since March 23, Lowe’s has temporarily shortened hours at nearly 2,000 stores and closed earlier. Opening hours remain unchanged, but shops close at 8.30. Monday to Saturday and 7pm on Sunday.

Other resellers, such as Walmart, Target, CVS, and Walgreens, have also given bonuses to employees or temporarily increased salaries due to demand for COVID-19.

Follow US TODAY reporter Kelly Tyko on Twitter: @KellyTyko