So ATT gave $1,000 bonuses and raised their minimum wage to $15/hr. I'm happy for their employees; however, less attention was paid to ATT laying off more than 2,000 workers just before Christmas and into the new year.* Comcast also joined in and fired more than 500 workers just before Christmas.
Walmart also is giving bonuses to employees and raised their minimum wage to $11/hr from $9.hr If that doesn't sound like much, it will come to over $2,000 for a full-time employee (Walmart considers 32 hrs/wk to be full time). The bonuses depend on your length of service (20 yrs and more of service gets $1,000). Walmart also is to lay off thousands of workers from 63 Sam's Club locations.**
* http://www.newsweek.com/christmas-att-layoffs-midwest-bonuses-trump-758391
** https://www.cnbc.com/2018/01/12/heres-a-map-of-where-walmart-is-closing-more-than-60-sams-club-stores.html
https://thinkprogress.org/walmart-bonus-layoffs-ed187882b011/
https://www.washingtonpost.com/news/business/wp/2018/01/11/walmart-to-raise-starting-hourly-wage-to-11-offer-paid-parental-leave/?utm_term=.b5b8d790e0a6
Tuesday, January 16, 2018
THE COMPANY GIVETH AND THE COMPANY TAKETH AWAY
Labels:
ATT,
Comcast,
tax cut bonuses,
tax cut layoffs,
Walmart
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