This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-42646899

The article has changed 8 times. There is an RSS feed of changes available.

Version 0 Version 1
Walmart workers win pay rise and $1,000 bonus Walmart's US workers gain pay rise and bonus
(about 1 hour later)
Walmart plans to give its one million workers a $1,000 bonus and start paying them at least $11 an hour. Walmart plans to start paying its one million US workers at least $11 an hour and give them a one-off cash bonus.
The move by the world's biggest retailer follows last month's US tax code overhaul that slashed the corporate rate from 35% to a flat 21%. The move follows last month's US tax code overhaul that cut the corporate rate from 35% to a flat 21%.
Hourly-paid employees will get the higher rate from next month.Hourly-paid employees will get the higher rate from next month.
Walmart last raised the minimum wage to $9 an hour in 2015 and the following year offered a $1 rise to those who completed an internal training scheme. It is the latest in a line of US giants that have promised to pass on some of the cash unleashed to staff. Others, including Wells Fargo and AT&T have promised wage rises or bonuses.
Full and part-time workers at Walmart, the world's biggest retailer, will receive a bonus of up to $1,000 based on their length of service. Those with 20 years of service will get the full $1,000.
The chain also plans to expand maternity and parental leave benefits.The chain also plans to expand maternity and parental leave benefits.
"We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders," said Doug McMillon, Walmart president and chief executive.
"However, some guiding themes are clear and consistent with how we've been investing - lower prices for customers, better wages and training for associates and investments in the future of our company, including in technology.
"Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the US."
Walmart raised its minimum wage to $9 an hour in 2015 and the following year offered a $1 rise to those who completed an internal training scheme.