Walmart touts $1000 cash bonus for employees - but there's a catch

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WWJ Business Editor Murray Feldman reports this will include two locations in MI: one on the south side of Lansing, and the other on Northwestern Highway in Farmington Hills. Although the store was closed Thursday, it will reopen Friday at 10 a.m. and then close to the public for good on January 26.

"After a thorough review of our existing portfolio, we've made a decision to close a series of clubs and better align our locations with our strategy", the company tweeted in response to a customer query, CNBC reported. Several reports indicate that many Sam's Club workers did not find out about the closings until they showed up to work only to find locked doors.

Walmart, the world's largest retailer, announced Thursday it's raising starting minimum pay to $11 an hour, beginning in February.

Sam's Club, a division of Wal-Mart Stores Inc., announced changes to the business unit's US real estate portfolio, with the closure of 63 clubs around the country. "Nobody told us anything and we have Sam memberships". The company said it will provide support and resources to affected employees. If you work in such a club, please make them feel welcome. "At Christmastime, and every other week, I would get paper products and the rotisserie chicken". A Sam's Club is a place of community and memories, and we are so appreciative of our associates who have worked hard over the years to serve our members.

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Walmart said laid-off employees will receive the bonus, plus 60 days of pay and severance if eligible. "And there are lots of jobs around".

"From what I heard, there's over 260 stores that have been closed down", Jessica Buckner said, according to KTVA.

During a press conference on Thursday, US Treasury Secretary Steven Mnuchin was asked if President Trump was going to take credit for both the layoffs at Sam's Club and the raises for Walmart workers. State Sen. Cathy Young said within hours of the announcement she had received calls from small business owners - including many who operate local restaurants - who expressed concern over the loss. The adoption benefit of $5,000 would apply to both full-time hourly and salaried workers and could be used for expenses such as adoption agency fees, translation fees and legal or court costs. "The rise of e-commerce is leading to higher wages".

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