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Lower taxes and tight labour market prompt Walmart to hike U.S. wages

Reuters  |  NEW YORK 

By Nandita BoseNEW YORK (Reuters) - Walmart will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month's major overhaul of the U.S. tax code and competes for low wage workers in a tight labour market.The world's largest retailer and private employer, officially called Wal-Mart Stores Inc , announced the hike on Thursday, saying it would also offer a one-time cash bonus, based on length of service, of up to $1,000, and expand maternity and parental leave benefits. The pay increase, Walmart's third minimum wage increase since 2015, and bonus ...

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First Published: Fri, January 12 2018. 00:39 IST