Bentonville’s Walmart bumps up wages for over 565,000 US workers by $1 an hour

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Bentonville’s Walmart bumps up wages for over 565,000 US workers by $1 an hour

Walmart Inc., the world’s largest brick-and-mortar and online retailer that operates a chain of hypermarkets, discount department stores alongside grocery firms, had issued a statement on Thursday saying that it had been working out an option to hike hourly wages for over 565,000 workers by at least $1 per hour, becoming the latest in a string of blue-whale retailers to ramp up workers’ wages ahead of an all-important holiday shopping season.

On top of that, latest move from the Bentonville, Arkansas-headquartered American multinational retailer came forth amid a chronic labour shortage in the US with businesses worrying on whether they would have adequate workers available for the holiday season, while the recent wage hike from Walmart Inc in effect would mark up the American retailer’s third investment in wages in less than a couple of years.

Walmart to raise wages by $1 an hour for 565,000 US workers

Concomitantly, currently, Walmart Inc hourly workers’ average earnings stood at $16.40 an hour in the United States, Walmart US Chief Executive John Furner had said in a memo.

Besides, according to the memo seen by a press agency reporter, Walmart Inc workers in frontend, food & consumable alongside general merchandise departments would receive an additional $1 an hour in wage-hike, effective from September 25.

Apart from that, latest Walmart statement came forth a day after it was quoted saying that the Bentonville retailer was looking to hire as many as 20,000 workers at its supply chain department ahead of the holiday season that includes Black Friday, Christmas and New Year.

Walmart Inc.’s holiday sales stood at a roughly $800 billion last year.