Target Corp. Raising Hourly Wages, Expanding Paid-Leave Program
March 20 2020 - 1:01PM
Dow Jones News
By Stephen Nakrosis
Target Corp. Friday said it was raising the hourly wage for its
full- and part-time workers by $2 an hour until at least May 2.
The company also said it was offering a paid leave option to
workers aged 65 and older, as well as workers who are pregnant or
who have an underlying medical condition.
Brian Cornell, the company's chief executive, said that
"increasing their compensation for a job incredibly well done and
ensuring continued compensation for those who need to care for
themselves and their families is a reflection of our company's
values and simply the right thing to do."
Target also will pay out bonuses to 20,000 hourly store team
leads who oversee individual departments in Target stores, the
company said.
Target and the Target Foundation will give $9 million to
organizations helping respond to the coronavirus, and a $1 million
donation will be given to the Target Team Member Giving Fund "to
assist team members who are most impacted by coronavirus," the
company said. Target also said it will match up to an additional $1
million in contributions to the Target Team member Giving Fund from
fellow team members.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
March 20, 2020 12:46 ET (16:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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