Walmart is raising its minimum wage and handing out tax cut bonuses

Walmart is raising its minimum wage and handing out tax cut bonuses

Sam's Club, a unit of Wal-Mart Stores Inc., closed a series of stores following a review, the membership-only store chain said in a tweet on Thursday.

The Connecticut stores are slated to close to the public as of January 26, according to the letter.

"Sam Walton, his dream, his vision is to make Walmart a better place, to make families happy, and to make the employees happy and to make everyone satisfied".

The Union County Freeholder Board through its social service and re-employment agencies is offering assistance to any Union County resident who was laid off by Sam's Club Store closings.

On Thursday evening a press release was issued in which Walmart, the owner of Sam's Club, said that 12 of the 63 stores would be converted to fulfillment centers.

"We've made a decision to right-size our fleet and better align our locations with our strategy, " he wrote.

Walmart is suddenly shuttering dozens of its Sam's Club stores, the company said Thursday - the same day it announced it would improve its employees' wages and benefits because of the tax bill President Donald Trump signed in December.

Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed
Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed

Several Sam's Club locations have closed across the country, including one in Baton Rouge at the Cortanna Mall, according to WBRZ who spoke with a Sam's Club Corporate spokesperson.

Axer said in the letter all separated employees have the opportunity to apply for open positions at other Sam's Club or Walmart locations.

The wage increase will take effect in February and will add about $300 million to what already was included in next fiscal year's plan, according to Walmart.

"It's allowing them to focus on things that are working", Simon said on "Closing Bell". Employees are also getting a one-time bonus of up to $1,000.

Although Wal-Mart's move lifts its overall starting USA wage from $10 an hour (after workers take a training course), the increase matches what's already the minimum wage in California.

The expanded parental leave policy would provide full-time hourly workers with 10 weeks of paid maternity leave and six weeks of paid parental leave.

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