Lowe's paying more bonuses in August

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Lowe's paying more bonuses in August

By HBSDealer Staff - 07/30/2020

Lowe's announced that it is providing an additional $100 million in bonuses to assist associates with unforeseen expenses and hardships during the COVID-19 pandemic.

The Mooresville, N.C.-based home improvement giant said the latest bonus payments raise its total commitment to associates and communities during the pandemic to $600 million.

According to Lowe’s full-time hourly associates will receive $300, and part-time and seasonal associates will receive $150 on Aug. 21 – matching the funds provided to all hourly associates in March, May, and earlier this month.

"No one could have anticipated how long we would be navigating this pandemic together,” Lowe’s President and CEO Marvin Ellison said in a statement issued by the retailer today.  “As we approach the start of another school year, our commitment to support our hard-working associates will continue into August.”

This year Lowe’s has invested approximately $500 million in coronavirus relief funding for associates. 

In addition to the previous special payments and bonuses, Lowe's increased pay for full-time, part-time and seasonal associates by $2 per hour for the month of April. The company also continues to offer telemedicine services to all associates and their families, even if they are not enrolled in Lowe's medical plans.

Additionally, Lowe's also continues to support communities through grants and PPE product donations. 

The company has committed more than $100 million in community assistance to those who need it most, including healthcare workers, minority-owned small businesses and rural communities.

Lowe’s operates and services about 2,200 home improvement and hardware stores in the United States and Canada. The company has about 300,000 associates.

 

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