Lowe’s announces additional $100 million bonuses to support employees during pandemic
The COVID-19 pandemic has thrown people’s lives out of gear and contributed to their expenses and hardships. Lowe’s Companies, Inc. realizes this, and therefore has announced an additional $100 million of bonuses to support its employees.
And it is not the company’s first generous and thoughtful gesture.
The home improvement company’s total commitment to associates and communities during the pandemic has reached nearly $600 million.
In addition to the multiple rounds of bonuses, the company had increased pay for full-time, part-time and seasonal associates by $2 per hour for the month of April, around the height of the pandemic.
The company continues to offer telemedicine services to all associates and their families, even if they are not enrolled in Lowe’s medical plans.
The company will also continue to support communities through grants and PPE product donations, Lowe’s said. To date, Lowe’s has committed more than $100 million in assistance for health care workers, minority-owned small businesses and rural communities.