Lowe’s Companies Inc. LOW has been recognizing the efforts of its frontline workers, who have worked tirelessly during the pandemic, through special payments and bonuses. In April, the company scaled up the payment for full-time, part-time and seasonal associates by $2 per hour. Taking this further, it has now committed to pay an additional $100 million of discretionary bonuses to its frontline hourly workers across U.S. stores, distribution centers and store support centers.

The company plans to pay $300 to all full-time hourly associates and $150 for the part-time and seasonal associates. The bonus will be distributed to all associates in the United States on Oct 16. This will match the payments of all hourly associates in March, May, July and August.

So far amid the pandemic, the company has provided more than $675 million in incremental financial support to associates. With the payment of the aforementioned additional bonus, its total commitment for associates and communities during the pandemic reaches more than $775 million.

Additionally, in a separate release, Lowe’s Canada revealed plans to reward frontline workers with additional discretionary bonuses. The company stated that all eligible full-time and part-time associates at Lowe’s, RONA or Reno-Depot corporate stores, contact centers, and supply-chain facilities in Canada will receive the aforementioned bonuses in the latter half of October. This is incremental to the discretionary bonus paid in March and August as well as the special premium wage of $2 per hour paid in April, May, June and July.

Apart from this, Lowe’s Canada revealed that it plans to hire more than 650 people for various positions in Quebec, including more than 625 full-time and part-time regular jobs at RONA and Reno-Depot corporate stores, and about 30 positions at the Boucherville distribution center. The positions offered are that of Sales Specialists, Lumber Yard

Lowe’s Cos. announced Wednesday that it is handing out another round of bonuses to recognize its front-line employees in light of the COVID-19 pandemic.

The company, which has 144 stores in Texas, said all full-time hourly workers will get $300, and part-time and seasonal employees will receive $150 on Oct. 16. The bonuses total $100 million and will affect hourly workers at Lowe’s stores, distribution centers and store support centers, the company said.

The latest bonus will match the money Lowe’s provided to all hourly associates in March, May, July and August, according to the company.

The retailer joins other companies from Amazon to Kroger to Target that have provided their front-line and warehouse workers bonuses. Some have even offered free access to virtual doctor visits during the pandemic.

The Home Depot on Forest Lane was extensively damaged last Oct. 20, when 10 tornadoes caused $2 billion in damage to homes and businesses in Dallas, Richardson and Garland.

With the latest bonuses, Lowe’s will have provided more than $675 million in financial support to its sales associates this year, the retailer said.

Marvin Ellison has been CEO at North Carolina-based Lowe's since 2018.
Marvin Ellison has been CEO at North Carolina-based Lowe’s since 2018.(Lowe’s)

Also, Lowe’s has committed more than $100 million to support its communities during the pandemic, including $55 million in grants to provide financial relief to rural, minority-owned and women-owned small businesses, the retailer said in a press release.

The Mooresville, North Carolina-based chain has more than 2,200 stores and about 300,000 full- and part-time employees. In August it reported that second-quarter sales surged and profits were better than expected as shoppers spent stimulus money — as well as funds formerly spent on travel and entertainment — on do-it-yourself projects around the house.

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