Best Buy to Hand Out Bonuses to Workers
NEW YORK (AP) — Best Buy Co., the nation's largest consumer electronics retailer, says it will be handing out bonuses to more than 100,000 employees, joining a list of companies sharing a portion of their windfall from the corporate tax reform law with employees.
The Minneapolis-based chain says that this month it will pay one-time bonuses of $1,000 to full-time workers and $500 to part-time employees.
Company spokesman Jeff Shelman said full-time salaried employees on a bonus plan will not get the extra funds.
Best Buy joins a list of others including Walmart Inc., Walt Disney Co. and Starbucks Corp., adopting measures such as giving out bonuses, enhancing maternity benefits and raising wages in the wake of the tax overhaul.
The Best Buy bonuses were first reported by the Star Tribune in Minneapolis.