the north face winter boots Home Depot workers to see bonuses

the north face base camp Home Depot workers to see bonuses

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Manage your account 24 hours a day. hourly workers a one time bonus of up to $1,000 as a result of President Trump’s tax reform.

Locally, Home Depot has stores in Wilkes Barre and Dickson City and a distribution center in CenterPoint Commerce and Trade Park West in Pittston Twp. hourly workers will get at least a $200 bonus and the maximum payout is $1,000 for workers who have served at Home Depot for at least 20 years, according to a spokeswoman.

Home Depot workers employed less than two years were told they will receive a $200 bonus; two to four years, $250; five to nine years, $300; 10 to 14, $400; 15 to 19, $750 and 20 or more, $1,000.

“This incremental investment in our associates was made possible by the new tax reform bill,” Craig Menear, chairman and CEO of Home Depot, said in a statement. “We are pleased to be able to provide this additional reward to our associates.”

The $1.5 trillion tax reform package reduces the corporate tax rate from 35 to 21 percent.

The Home Depot bonus will be paid in addition to retailer’s existing bonuses. It employs more than 400,000 people. home improvement chain follows others which have added to employees’ compensation after President Trump signed a sweeping tax reform bill into law.

Navient and Fidelity Bank also have given employees $1,000 bonuses.

Navient, which services and collects on student loans, has approximately 6,700 employees nationwide, including more than 900 in Hanover Twp.

Fidelity Bank has 185 full time and part time employees. The bank, headquartered in Dunmore, has 10 offices in Luzerne and Lackawanna counties.

AT got the ball rolling and was the first company to provide the one time $1,000 payment to more than 200,000 of its non management workers. Numerous companies across the nation followed suit, including Comcast, PNC Bank, Southwest Airlines and American Airlines.

On Tuesday, Verizon announced to employees a more than $380 million initiative to return a portion of tax reform savings through restricted stock units or their equivalent value, said Verizon spokesman Bob Varettoni.

“This will be through a grant, based on Verizon’s Feb. 1 stock value, of 50 restricted stock units to full time employees,” Varettoni said.

About 153,000 of Verizon’s 155,500 employees will receive the grant, he said. About 2,500 executive level employees are excluded. Detailed information will be given to employees on Feb. 14, he said.
the north face winter boots Home Depot workers to see bonuses