Lowe’s will provide an additional $100 million in bonuses to assist associates with unforeseen expenses and hardships, increasing the company’s total commitment to associates and communities during the pandemic to nearly $600 million.
Full-time hourly associates will receive $300, and part-time and seasonal associates will receive $150 on August 21, matching the funds provided to all hourly associates in March, May and earlier this month.
With the bonus, Lowe’s will have invested approximately $500 million in coronavirus relief funding for associates. In addition to the previous special payments and bonuses, Lowe’s increased pay for full-time, part-time and seasonal associates by $2 per hour for the month of April.
“No one could have anticipated how long we would be navigating this pandemic together. As we approach the start of another school year, our commitment to support our hard-working associates will continue into August,” said Marvin Ellison, Lowe’s president and CEO. “We are incredibly proud of how our stores, supply chain and corporate associates have faced this pandemic head-on to solve challenges in our communities and care for our customers. We are grateful for their resilience, teamwork and ongoing commitment to safety, and are pleased to share this additional bonus to help with childcare, remote-schooling and other general expenses they are managing during these tough times.”