Kroger to Pay $130 Million in One-Time Employee Bonuses
Major U.S. grocery and drugstore chain Kroger (NYSE: KR) says it will pay $130 million more in bonuses to its workers, both part-time and full-time, in two parts. Like other bonuses and extra pay the company has dished out during the past several months, this bonus is to "recognize and thank our associates for their incredible work during this historic time" of the COVID-19 pandemic, according to CEO Rodney McMullen.
Saluting the additional risks taken by grocery workers in keeping America's food supply functional through the coronavirus outbreak, Kroger gave out its first round of bonuses in April. At that time, it paid part-time employees $150 each and full-time workers $300. This time, the payments are somewhat larger, at $200 for part-timers and $400 for full-timers. The one-time lump sum bonus will be split into two payments, handed out on May 30 and June 18.
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Source Fool.com
