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With a lower tax bill in sight, Walmart to raise its U.S. minimum wage

Reuters  |  NEW YORK 

By Nandita BoseNEW YORK (Reuters) - Walmart Stores Inc 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, the company said on Thursday.Walmart, the world's largest retailer and private employer, said 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 will benefit more than 1 million U.S. hourly workers, it said.Walmart's ...

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First Published: Thu, January 11 2018. 21:00 IST
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