Walmart plans to hire 150K; provides cash bonus to hourly employees

People shop at a Walmart Supercentre amid coronavirus fears spreading in Toronto Ontario Canada

People shop at a Walmart Supercentre amid coronavirus fears spreading in Toronto Ontario Canada

The jobs are expected to be temporary through May, but "many will convert to permanent roles over time", the company said. All U.S. hourly associates in stores, clubs, supply chain and offices are eligible provided they joined the company as of March 1. They'll be $300 for full-time hourly associates and $150 for part-time hourly associates, adding up to more than $365 million. The company also stated they will reaching out to other industry groups impacted by the pandemic to "to facilitate temporary roles that can be a bridge for their employees during this hard time". The corporate added that it's going to velocity up the following scheduled quarterly bonus for associates. In no case will an eligible associate receive less than the first quarter plan bonus payment.

It also plans to speed up payment of the next quarterly bonus payments, which will take its payout to almost $550 million.

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Overall, roughly $550 million will go to Walmart employees and, in turn, the economy. The company said its 2-week application process is being sped up to a 24-hour turnaround due to increased demand.

"This is an extraordinarily hard time", the memo reads, "but Walmart Canada will do all we can for the well-being of our customers, our neighbours and our Associates".

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"We want to immediately hire 10,000 more Associates in our stores and distribution centres", Barbeito said in the memo.

"So, we see that as a two-for-one - it helps us meet the demands we are seeing within Walmart, but it also, hopefully, contributes to easing the pain of this broader economic downturn that the coronavirus has caused", he concluded.

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The extra temporary workers being hired through the end of May will be employed in Walmart's stores, distribution centers, clubs, and fulfillment centers. It contacted "industry groups representing restaurants and hospitality", according to the company's statement, to offer employment opportunities to workers that lost their jobs because of the covid 19 crisis.

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