Walmart raises pay in US even as 63 Sam’s Clubs close - News Summed Up

Walmart raises pay in US even as 63 Sam’s Clubs close


Owned by Walmart, Sam’s Club is a chain of membership-only warehouse stores that offer discounted prices. Up to 12 of the shuttered Sam’s Club stores would be converted into warehouses for e-commerce, the company said in a news release. The new employee benefits would affect more than 1 million employees at Walmart US, Sam’s Club, in e-commerce and other departments, the company said. However, the news was soon overshadowed by reports around the country about Sam’s Club. Sam’s Club employees affected by the closures would receive the bonus announced by Walmart on Thursday, 60 days of pay and potentially additional severance.


Source: Taipei Times January 12, 2018 15:56 UTC


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