Wal-Mart Giving Workers $933M In Bonuses
Average Employee Bonus Equals $667
POSTED: Friday, March 20, 2009
UPDATED: 11:19 am EDT March 20,
2009
ORLANDO, Fla. -- Retail giant Wal-Mart will hand out its largest annual award -- $2 billion -- which includes bonuses to every part-time and full-time hourly employee.The $2 billion includes 401k contributions, about $1 billion in profit-sharing, millions of dollars in merchandise discounts and $933 million in bonuses. The average cash bonus for employees will be $667."I think it's a very good thing. They're helping out people," a Wal-Mart shopper said."If you're doing a good job, give them a reward," another shopper said.The move comes amid the controversy surrounding hefty bonuses paid out to workers at AIG, which received billions of dollars in bailout money from the federal government. Wal-Mart did not receive any bailout funding.Watch Local 6 News for more on this story.
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