Investors Place -- January 27th, 2018
Starbucks announced it will boost worker pay and give bonuses after Republican tax cuts were made for 2018. The company will be dishing out pay increases and stock bonuses to employees that amount to 250 million dollars said the Seattle based coffee chain.
Also, Fed Ex says it is planning to use 200 million dollars to increase wages, contribute 1.5 billion to it's pension plan and another 1.5 billion into its express hub in Indianapolis; all because of the 'tax reform' that was passed into law by Congress last month.
The list keeps growing as this week two other major companies announced pay & bonus increases for their employees because of the new tax saving legislation, the corporate giants are Walmart and Home Depot.