Lowe’s Will Be Paying $100 Million In Coronavirus Bonuses To Hourly Workers

By Mayukh Saha / Truth Theory

The COVID-19 pandemic has jerked many of us back to reality. Our social, medical, political, and economic foundations have been rechecked. And everything, the good and the bad, has made one thing clear. That is, who are the essential workers? Who are the people that we need, not want, regularly for our society to function? In view of all this, many companies have made huge investments in their essential employee coronavirus bonuses. 

On Thursday, Lowe’s joined the many big names that have gone forward with this move. The company released a statement addressing the same. They said that due to the unforeseen hardships and expenses, the company is shelling out another round of bonus checks. 

Coronavirus Bonuses To Support Essential Workers

On 21st August, a bonus of $300 will be given to full-time workers and $150 for the seasonal associates. The hourly workers have been receiving the same amount of bonus checks as coronavirus relief since March. 

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The company stated that they are spending an additional 100 million for this coronavirus bonuses. Now, the total amount of investment during the pandemic has reached around $500 million. 

Marvin R.Ellison, CEO of Lowe’s, said that the company is committed to serving and supporting its essential workers. He added that the pandemic has continued beyond what anybody could have imagined. 

Lowe’s Coronavirus Relief Funding Goes Beyond Bonus Checks

The company had started the pandemic relief fund in March. But additionally, Lowe’s had also increased the hourly pay of all its associates by $2 per hour in April. 

Not just that, the company has also provided telemedicine services to its employees. The benefits extend to their family members as well. The corporation further announced that these benefits will continue since the pandemic is still ongoing. 

In these times of crisis, we have seen humanity come out and support each other. This is the one silver lining if we want to look at it. Acts of kindness and generosity have not been limited to businesses only. Individuals have taken initiatives to help their community survive. 

We have seen individuals create and donate several masks. We have also seen people support local businesses during these trying times. Even as the pandemic wreaks havoc in many of our lives, our communities stand strong against it. 

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The government has dolled out coronavirus relief packages. Corporations have also stepped up to take care of their staffers. Moreover, news of charities and donations have become more frequent. 

Lowe’s, too, has given out several grants to charities and donated PPE essentials. A representative of Lowe’s said that the company is dedicated to assist frontline workers, minority-owned local businesses, and uplift the community. Currently, the company has donated over $100 million in such endeavors. 

Lowe’s further stated, beyond coronavirus bonuses, they wish to continue their support to the best of their capabilities.

Image Credit:  unitysphere