Sam's Club stores close across the country, one closure in Louisiana

Anti-Walmart Group Unimpressed With Tax Bonuses

Anti-Walmart Group Unimpressed With Tax Bonuses

Walmart executives said they were able to boost employee benefits following the tax reform, which cut USA corporate taxes from 35 to 21 percent.

A call to the store is answered by this message: "This location is closed effective January 11", adding that shoppers are welcome to visit other locations throughout the state.

In Walmart's case, the average worker is likely to receive an additional $190, as this week's announcement stipulates that only workers who have worked with the company for more than 20 years will receive the full $1,000 sum.

The announcement came on the same day that Walmart said it is boosting its starting salary for US workers and handing out bonuses.

"It's a great thing for employees up and down the ranks, but especially at store level", he said.

Two of the locations are in Cincinnati, WLWT reports.

The closings occurred on the same day Walmart announced plans to raise starting hourly wages to $11, expand employee benefits and offer workers bonuses of up to $1,000.

The company tweeted that the company reviewed their portfolio and closing clubs, which is what they call stores, to "better align our locations with our strategy".

"How does a corporation close a store in a city that's doing very well and they don't even let employees know about it", Mayor Jason Lary said. Besides that, according to Business Insider, all of the stores slated for closure were scrubbed from the Sam's Club website this morning.

Axer said in the letter all separated employees have the opportunity to apply for open positions at other Sam's Club or Walmart locations.

The news of the closings came on the same day that Sam's Club's parent company, Wal-Mart, announced it was boosting its starting salary for all USA workers, including those at Sam's Club, to $11 an hour and handing out one-time cash bonuses.

The wage increase will take effect in February and will add about $300 million to what already was included in next fiscal year's plan, according to Walmart.

"Today, we are building on investments we've been making in associates, in their wages and skills development", Doug McMillon, the president and CEO of Walmart, said Thursday. "Now, they will be eligible for 10 weeks of maternity leave at 100 percent pay and six weeks of parental leave at 100 percent pay".

Walmart says that after the closings it will have 597 clubs. All hourly employees at this facility will be terminated effective April 13, 2018.

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