Electronics

Sam's Club closing all 3 stores around Seattle, costing almost 500 jobs

Sam's Club closing all 3 stores around Seattle, costing almost 500 jobs

Because of the tax reform law, Walmart says it's also creating a new benefit to assist associates with adoption expenses.

Shoppers found the store at 12919 San Pedro Ave. on the north side suddenly shut down on Thursday.

Walmart said it would increase the starting wage rate for all hourly associates in the U.S. to $11, expand maternity and parental leave benefits and provide a one-time cash bonus for eligible associates of up to $1,000.

Walmart, the nation's largest private employer, said it would record a 14-cent-per-share charge to its earnings as a result of the changes.

The chain is to close three stores in Indianapolis, Indiana, on January 26, affecting a total of 419 workers, the Indianapolis Star reported.

The closures coincide with today's announcement from Walmart that it was raising starting hourly wages to $11 and expanding employee benefits, all effective next month.

"Hi, After a thorough review of our existing portfolio, we've chose to close a series of clubs and better align our locations with our strategy".

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Yes, the Sam's Club in Sioux Falls is still open for business.

Customers and workers learned of the store closings the same day Walmart received praise from the Trump administration for increasing pay and giving worker bonuses due to the new cut in the corporate tax rate.

The statement added that closing clubs was not easy and the company is committed to working with its impacted members as well as associates through the transition.

All full and part-time hourly associates in the USA are eligible for the bonus, which will be based on length of service up to $1,000 for those with at least 20 years of employment. We will be closing some clubs, and we notified them today.

Walmart also said it would offer financial help to full-time hourly and salaried employees who are seeking to adopt children.

The US retailing giant presented a bitter-sweet pill for its workforce as it also announced an increase in minimum wages. "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".