Trickle Down Does Still Work

[sword]

Fiat Chrysler announced will give 60,000 U.S. workers a one-time $2,000 bonus.

Fiat Chrysler to add $1 billion in its Warren Truck plant, adding 2500 jobs and shifting production of Ram Heavy Duty trucks from Mexico

 

[sword]

Here are a few more for the record.

[size=14pt]AAON
  (Tulsa, Oklahoma) ? this heating and cooling firm gave $1,000 bonus checks to 2,000 employees:

AccuWeather (State College, Pennsylvania) ? year-end bonuses to all employees. (Approx. 450 ? 500 employees

Advance Financial (Tennessee) ? increase in 401(k) match; increase in profit sharing; increase in charitable donations:

Advanced Sciences and Technologies, LLC (Berlin, New Jersey) ? increased 401(k) match for employees.

Aflac ? increase 401(k) match from 50% to 100% on the first 4% of compensation plus one-time $500 contribution to every employee?s 401(k); $250 million increase in overall U.S. investment.

Alaska Airlines -- $1,000 bonuses for 22,000 employees

Amarillo National Bank ? $1,000 salary increases for over 300 employees:

Americollect ? $300 - $500 bonuses for 250 employees

American Airlines -- $1,000 bonuses for every employee (excluding officers). The bonuses will total $130 million. AA had 127,600 employees as of Sept. 2017.

American Bank ? $1,000 bonuses for 60 employees

American Community Bank & Trust (Woodstock, Illinois) -- $500 bonus to each employee; additional employees will be hired

American Savings Bank ? $1,000 bonuses to 1,150 employees; base wage increase from $12.21 to $15.25

AndyMark, Inc. (Kokomo, Indiana) ? This mechanical and electrical parts supplier will be able to expand the business and hire more employees thanks to tax reform:

Anfinson Farm Store (Cushing, Iowa) -- $1,000 bonuses and 5% pay raises for employees

APPS Portamedic (Bellevue, Washington) ? employee bonuses:

Aquesta Financial Holdings -- $1,000 bonuses to 95 employees; base wage hike to $15 per hour

AR-15 Gun Owners of America (Warner Robins, Georgia) ? tax reform bonuses; increased salaries for all employees.

Arizona Public Service (Phoenix, Arizona) -- the utility requested a $119 million bill reduction for customers due to tax reform:

Associated Bank ? $500 employee bonuses (exact number receiving bonus unknown at this time); base wage will rise from $10 to $15 per hour

Atlas Air Worldwide -- $1,000 bonuses to 3,100 employees

AutoNation ? doubling of 401(k) match; launch of cancer benefit program:

AVANGRID (Orange, Connecticut) ? the utility is passing savings from tax reform to customers:

Ball Ventures ? $100 bonuses for every year of employment

Baltimore Gas & Electric ? the utility is passing on $82 million worth of tax savings, resulting in lower gas and electric bills for customers

BancorpSouth Bank ? pay raises for over 70 percent of employees; $1,000 bonuses for nearly 20 percent of employees

Bank of Advance (Advance, Missouri) -- $1,000 bonuses to all staff

Bank of Colorado -- $1,000 bonuses to all full time employees

Bank of Hawaii ? $1,000 bonuses to 2,074 employees; base wage increase from $12 to $15

Bank of the James ? raised base wage to $15 per hour for employees with more than one year of service

Bank Midwest (Spirit Lake, Iowa) -- $500 bonuses for full-time employees; $250 bonus for part-time employees.

Bank of the Ozarks ? Bonuses of up to $1,200 for 2,300 employees

BB&T ? $1,200 bonuses for 27,000 employees; base wage will rise from $12 to $15 per hour; $100 million in charitable donations

Berkshire Hills Bancorp Inc. (Pittsfield, Massachusetts) ? base wage increased to $15 per hour; $1,000 bonuses to over 1,000 employees; investments in employee development and training; $2 million in additional charitable giving:

Cabot Oil & Gas Corporation (Houston, Texas) ? $1,600 bonuses for employees.

Camden National Bank ? permanent salary increases forthcoming; also $1,000 bonuses to all non-executive full-time employees; $750 bonus to part-time employees; total bonuses: $620,000

Canary LLC ? due to tax reform, the company will hire more employees and increase capital spending.

Capital One ? Capitol One is raising the base wage to $15 per hour for U.S. employees. The news was announced to associates on Tuesday January 9, 2018.

Carl Black Automotive Group ? bonuses to over 500 employees

Central Bancompany, Inc. ? Bonuses to 2,500 employees: $1,000 bonuses for full time employees; $500 bonuses for part time employees:

Central Pacific Bank ? all 850 employees will receive $1,000 bonuses; base wage will rise from $12 to $15.25

Charlie Bravo Aviation -- $1,000 bonuses to all six employees

Charlotte Pipe and Foundry Company -- $1,000 bonuses for all 1,400 employees

Circuit Interruption Technology Inc. -- dba CIT Relay & Switch (Rogers, Minnesota) ? One week of extra pay added to final 2017 paycheck; hiring of new employees, growing the staff by 10 percent:

Citizens Financial Group -- $1,000 bonuses for 12,500 employees and $10 million for charitable donations

Coach, Truck & Tractor, LLC (Conneaut, Ohio) ? higher Christmas bonuses thanks to tax reform for this family business with seven employees. Bonus amounts determined by length of service.

Cogent Building Group (Point Clear, Alabama) ? $2,000 bonuses for all four employees.

College of the Ozarks (Point Lookout, Missouri) -- $204 bonuses for employees:

Colling Pest Solutions ? employee bonuses

Comcast -- $1,000 bonuses to 100,000 employees; at least $50 billion investment in infrastructure in next five years

Comerica Bank -- $1,000 to 4,500 non-officer employees; base wage increase to $15 per hour

Commerce Bank ? 3,450 employees will receive bonuses -- $1,000 for full time employees and $250 for part time employees; $25 million in charitable donations

Community Trust Bancorp -- $1,000 bonuses for full time employees and $500 bonuses for part-time employees (exact number receiving bonus unknown at this time)

Copperleaf Assisted Living ?  $200 - $600 bonuses for 175 employees

Cornerstone Holdings ? employee bonuses

Customers Bank (Wyomissing, Pennsylvania) ? increased charitable contributions of $1 million:

Dallas-Fort Worth International Airport -- $1,000 bonuses for 1,900 employees.

Dayton T. Brown Inc. (engineering/testing company) -- $400 bonuses for each of the 210 employees

Delaware Supermarkets Inc. -- $150 extra bonuses to 1,000 non-management personnel.

DePatco, Inc. ? employee bonuses

Dime Community Bancshares, Inc. -- $1,000 bonuses for non-executive employees

DTN (Burnsville, Minnesota) ? DTN, an independent provider of information and actionable insights in the areas of agriculture, transportation and energy, and publisher of The Progressive Farmer, gave $1,000 bonuses to nearly 700 employees.

Dyer Capital Management, Inc. (Marion, Massachusetts) ? Base wage raised 3.5% to $22 per hour; hourly employees also received a special one-time bonus:

Eagle Ridge Ranch ? employee bonuses

Eagle Telephone System, Inc. & Eagle Valley Communications (Hells Canyon Snake River Corridor, Oregon) -- $1,000 bonuses; together the companies have 19 employees:

EastIdahoNews.com ? employee bonuses

Eberle Communications Group, Inc. ? increased 401(k) match from 25% to 50% for all 45 employees

Elite Roofing Systems (Idaho) ? employee bonuses

Elite Clinical Trials, Inc. ? employee bonuses

Emkay, Inc. -- $1,000 bonuses for 150 employees

Employers Mutual Casualty Insurance (Des Moines, Iowa) -- $1,000 bonuses for employees with the exception of Vice Presidents and above.

Ennis, Inc. -- $500 bonuses to 2,200 non-management employees

ES Bancshares, Inc. -- $500 bonuses to non-executive full-time employees; $250 bonuses to part-time employees; creation of at least ten new jobs; further business expansion:

Eversource Energy (Boston, Massachusetts) ? the utility will pass along tax savings to customers:

Express Employment Professionals -- $2,000 bonuses to more than 200 non-executive employees

FireBird Bronze (Damascus, Oregon) ? thanks to tax reform this full-service foundry with nine employees is able to offer health insurance for the first time. They are also upgrading equipment and hiring, and building a new facility in Troutdale, Oregon with plans to be up and running by the Spring.

FirstCapital Bank of Texas ? $500 bonuses to 197 employees

First Farmers Bank & Trust (Converse, Indiana) ? minimum bonus of $750 to each full time employee; base wage will rise by $2.50 per hour:

First Financial Bancorp -- base wage raised to $15 per hour; $3 million charitable contribution

First Financial Northwest, Inc. (Renton, Washington) ? $1,000 bonuses to all 138 non-executive employees:

First Hawaiian Bank ? $1,500 bonuses to 2,264 employees; base wage increase to $15

First Horizon National Corp. ? $1,000 bonuses to 4,000 employees

First Merchants Corporation (Muncie, Indiana) ? $1 per hour wage increase for hourly employees; $500
bonuses for full-time employees, excluding senior management; pro-rated bonus for part-time employees:

First Midwest Bancorp, Inc. (Itasca, Illinois) ? Base wage raised to $15 per hour; $1,035 bonuses for 85% of employees; $2 million in additional charitable contributions:

First National Bank (Spearman, Texas) -- $1,000 bonuses for its 44 employees.

Fishbeck, Thompson, Carr & Huber engineering (Grand Rapids, Michigan) -- $1,500 to all 400 full-time and part time employees:

Five Senses Spa, Salon and Barbershop (Peoria, Illinois) -- $500 bonuses for 20 employees; the company is also looking into additional employee benefits in 2018.

Flemington Car & Truck Family of Brands -- $500 employee bonuses

Fort Ranch ? employee bonuses

Gardner Company ? employee bonuses

Gate City Bank -- $1,000 hand-delivered bonus checks to 538 non-management personnel; $500,000 higher charitable giving; $500,000 worth of free home appraisals.

GetFoundFirst.com ? employee bonuses

Great Southern Bancorp, Inc. -- 1,200 employees to receive a bonus: full time employees receive $1,000 and part time employees receive $500

Great Western Bancorp, Inc. ? base wage raised to $15; $500 or wage increase for 70% of workforce; doubling of grants to community investment program

Group 1 Automotive (headquarters in Houston; 115 dealerships nationwide) ? $500 cash bonuses for non-management dealership employees and operational support staff in the United States:

Gulf Coast Bank & Trust Company ? base wage increased to $12 per hour; additional $75,000 in charitable donations:

HarborOne Bank ? $500 bonuses to 600 bank employees; base wage raised to $15 per hour

Harford Alarm Company (Bel Air, Maryland) ? $1,000 bonuses for all 13 employees.

Hartford Financial Services Group Inc. -- $1,000 bonuses for employees making less than $75,000 per year. This amounts to 9,500 employees.

Hawaii National Bank -- $1,000 bonuses

Heartland Bank (Geneva, Nebraska) ? $1,000 bonuses for full time non-executive employees; $500 bonus to part time employees

Home Bancshares, Inc. (Conway, Arkansas) ? $500 bonuses for 850 emplyees:

HomeStreet, Inc. (Seattle, Washington) ? Base wage increased to $15 per hour:
hour; acceleration of annual performance-based incentive program; additional community investments; accelerated investment in technological and operational processes; earnings benefits for shareholders; more to be announced:

IAT Insurance Group -- $3,000 bonuses for 685 non-executive employees

INB Bank -- $500 bonuses to 200 employees. The bonuses will exclude the Senior Management Team.  The base wage will be raised to $15 per hour

Information First, Inc. (Info-First.com; Manassas, Virginia) -- $500 cash bonus for all 15 employees.

Inland Northwest Bank (Spokane, Washington) ? Base wage raised to $15; $500 bonuses to employees excluding Senior Management Team:

Insperity (Houston, Texas) ? tax reform bonuses will be paid to employees in February, totaling $17 million.
InUnison Inc. ? employee bonuses

JetBlue ? $1,000 bonus for all 21,000 employees

JimRinehart.com State Farm agent (Seaside, California) ? pay raises for employees:

Jones Auto & Towing (Riverview, Florida) ? the company, which provides 24-hour wrecker service, roadside assistance, emergency towing, and fuel delivery etc. will put two additional trucks into service, which will add two more full time jobs:

Jordan Winery -- $1,000 bonuses for each of its 85 employees

Kalb Industries of Nevada, Ltd. (Las Vegas, Nevada) ? pay raises for employees who have been with the company three months or longer:

Kansas City Southern -- $1,000 bonuses. (Exact number receiving bonus unknown at this time; the company employs 6,485)

Kauai Cattle LLC ? employee bonuses

Kish Bancorp, Inc. (Belleville, Pennsylvania) -- Base wage raised; $1,000 bonuses for full-time employees, $500 bonuses for part-time employees; $10 million in capital expenditures over the next three years; increased charitable giving by a minimum of $50,000:

Kramerica Properties (Merced, California) ? this small family-owned company gave each of the six employees a $2,000 tax reform bonus:

Lawrence Paper Company -- $500 bonuses for all 300 employees; $5 million in new equipment and expansion at all three locations

Lok-N-Logs, Inc., I Wood Care, and Webb Properties (Sherburne, New York) ? employees working for a year or more received a double paycheck; those working less than a year also received a bonus.

M&T Bank Corporation (Buffalo, New York) ? Base wage raised to $14 to $16 per hour based on location, a $25 million investment; employees receive 40 hours of paid time annually for volunteer/charitable/employee resource group activities.

MainSource Financial Group ? Base wage raised to $15 per hour:

MB Financial, Inc. ? base wage increased to $15 per hour; tax reform bonuses; and $7.5 million additional charitable contributions:

Melaleuca ? all 2,000 employees will receive a $100 bonus for each year they have worked at the company

Meridian Bancorp, Inc. (Boston, Massacusetts) ? Base wage raised to $15 per hour; additional 20% will be added to existing bonuses; increased capital spending including building six new branch locations; additional charitable contributions:

Mid-AM Metal Forming ? bonuses for 140 employees

Move It Or Lose It Moving LLC ? employee bonuses

MusicNotes ? Salary increases for employees

"Continued on next post"

 

[sword]

"Continued form last post"

National Bank Holdings Corporation ? $1,000 bonuses for employees making less than $50,000 (exact number receiving bonus unknown at this time)

Nationwide Insurance -- $1,000 bonuses to 29,000 employees; increased 401(k) matching contributions for 33,000 employees

Natural Guardian ? employee bonuses

Navient ? 98% of Navient?s 6,700 employees will receive a $1,000 bonus (approx. 6,566 bonus-eligible employees)

Nelnet (Lincoln, Nebraska) -- $1,000 bonuses for 4,100 employees:

Nephron Pharmaceuticals Corporation ? 5% pay raises for employees

NexTier Bank (Butler, Pennsylvania) ? $1,000 bonuses for all employees; tuition reimbursement on job training; wage raises for hourly employees:

Nexus Services, Inc. (Verona, Virginia) ? 5% raise for all employees; 200 more workers will be hired in 2018:

Northco Products, Inc. (Albany, New York) ? this small business was able to hire one new employee, give all employees bonuses ranging from $100 - $971 after taxes; the company is also investing in a new building:

Northpoint Apartments ? employee bonuses

OceanFirst Financial Corp. ? base wage increase to $15 per hour

Ohnward Bancshares -- $1,000 bonuses for all 260 employees

Old Dominion Freight Line Inc. ? $500 bonuses for all 22,000 employees

Pacific Power ? the utility committed to pass along tax savings to customers

Peoples Bank (Bellingham, Washington) ? Base wage raised to $15 per hour; 401(k) match increased one point to 8%

Peoples Bank  (Magnolia, Arkansas) -- $500 bonuses and $50,000 in charitable donations.

Pinnacle Bank -- $1,000 bonuses for 1,007 employees

Pioneer Credit Recovery ? $1,000 bonuses for 800 employees

PNC Financial Services Group, Inc. -- $1,000 bonuses to 47,500 employees; an additional $1,500 in employee pension accounts; base wage hike to $15; $200 million charitable contribution

Priority Courier Experts (St. Paul, Minnesota) ? tax reform bonuses were given on Jan. 2, 2018 to employees; further, employees will receive another $500 bonus in 2018 on the anniversary of their hire date:

Regions Financial Corporation ? base wage increase to $15 per hour; $40 million in charitable donations; $100 million in capital expenditures

Resident Construction LLC ? employee bonuses

RGF Environmental Group, Inc. (Riviera Beach, Florida) -- $1,000 bonuses:

Riverbend Communications -- employee bonuses

Riverbend Management, Inc. ? employee bonuses

Riverbend Ranch ? employee bonuses

Riverbend Services ? employee bonuses

Rocky Mountain Power ? utility company will pass along tax savings to customers

Rod?s Harvest Foods (St. Ignatius, Montana) ? 3-5% pay raises; base wage raised to $11 per hour; bonuses up to $500:

Royal Hawaiian Heritage Jewelry ? the company will open additional retail locations
Rush Enterprises ? $1,000 bonuses for all 6,600 employees

Russell Lands -- $500 bonuses for about 400 full-time non-management staff:

Sheffer Corporation -- $1,000 bonuses for all 126 employees

Sinclair Broadcast Group -- $1,000 bonuses for 9,000 employees

Smith Chevrolet ? employee bonuses

Smith Honda ? employee bonuses

Smith RV ? employee bonuses

South Point Hotel, Casino & Spa ? doubling of bonuses for 2,300 employees

Southwest Airlines -- $1,000 bonuses for all 55,000 employees; $5 million additional charitable donations

Spellex Corporation (Tampa, Florida) -- $1,000 bonuses:

Stafford Bounce n Play, LLC  (Virginia) -- $1,000 mid-year bonuses for all employees.

Steel Design LLC ? employee bonuses

Stifel Financial Corporation ? $1,500 bonuses for 7,000 employees

SunTrust Banks, Inc. ? base wage raise to $15 per hour; $50 million in additional community grants; merit pay raise; additional 401(k) contributions; etc.

Sutter Masonry, Inc. (El Mirage, AZ) ? The company employs approximately 100 people. Hourly wages were increased by $1.00 and over $50,000 in bonuses were distributed.

TCF Financial Corporation (Wayzata, Minnesota) -- $1,000 bonuses for full time employees; $500 bonuses for part time employees (exact number receiving bonus unknown at this time);

The Flood Insurance Agency -- $1,000 bonuses for 17 full time employees

Thermo Fisher Scientific (Waltham, Massachusetts) -- $500 bonuses.

The Travelers Companies, Inc. -- $1,000 bonuses for 14,000 employees; base wage raised to $15 per hour

Territorial Savings Bank -- $1,000 bonuses to 247 employees; base wage hike from $11.25 to $15.00 per hour

Texas Capital Bank ? $1,000 bonuses for 900 employees

Tokio Marine HCC ? $1,500 employee bonuses for 2,000 employees

Total System Services -- $1,000 bonuses for 11,500 employees

Tri-State Trailer Sales, Inc. (Pennsylvania, Ohio) ? increased 401(k) for employees, to 100% on the first 4% of compensation:

Turning Point Brands, Inc. -- $1,000 bonuses for 107 employees

Turning Point USA -- $300 bonuses to all 115 employees.

Union Bank & Trust (Lincoln, Nebraska) ? All full-time and part-time employees received a $1,000 bonus. Over 800 employees.

United Bank & Trust (Marysville, Kansas) ? all employees received a raise of $100 per month. According to ABA Bankers Journal the raise applies to both salaried and hourly employees.

Unity Bank ? all 200 non-executive employees will receive a $750 bonus

U.S. Bancorp ? $1,000 bonuses for 60,000 employees; base wage hike to $15 per hour; $150 million charitable contribution

Visa ? significantly increased permanent contributions to employee 401(k) accounts

Washington Federal ? according to a company statement, ?all Washington Federal employees in good standing and earning less than $100,000 per year will receive a 5% increase on top of their normal merit increase.?

Washington Trust Bancorp, Inc. (Westerly, Rhode Island) ? $1,000 bonuses for full-time employees and $500 for part-time employees; $1.00 per hour salary increase for employees below a certain compensation level:

Waste Management, Inc. ?  $2,000 bonuses to approximately 34,000 employees

WebHobby Shop, LLC (Pontiac, Michigan) -- $2.00 per hour raise for employees:

Webster Financial Corporation (Waterbury, Connecticut) ? Base wage raised to $15 per hour; $1,000 bonuses to full-time employees below vice-president level; $1 million in additional charitable contributions:

Wells Fargo ? raised base wage from $13.50 to $15.00 per hour; $400 million in charitable donations for 2018; $100 million increased capital investment over next three years

Western & Southern Financial Group -- $2,000 bonuses for full time employees; $1,000 for part time employees

Western Alliance Bancorporation ? base pay raise of 7.5 percent for the lowest-paid 50% of employees; increased bonuses; increased 401(k) match; etc.

Willow Creek Woodworks ? employee bonuses

Windsor Federal Savings ? $250 bonus for all employees with the exception of upper management

YAM Worldwide -- $2,000 bonuses for the 595 employees who have been with the company more than six months; $1,000 bonuses for the 131 employees who have been with the company less than six months. More than $1.3 million in bonuses were paid:

Yancey Bros. -- $500 bonuses for 1,200 employees

Zions Bancorporation ? pay raises for more than 40% of employees; $1,000 bonuses for nearly 80% of employees


https://www.atr.org/list

 

[sword]

J P Morgan Chase today announced a $20 billion, five-year comprehensive investment to help its employees, and support job and local economic growth in the United States as a result of the tax cut.

Investing in employees with further increases to wages and benefits. Wages will increase 10 percent on average ? ranging from between $15 and $18/hour ? for 22,000 employees.

Expanding the branch network into new U.S. markets, leading to increased small business lending and philanthropic investments, and further support for local low-and moderate- income communities.

Increasing community-based philanthropic investments by 40 percent to $1.75 billion over five years.

Increasing small business lending by $4 billion.

Accelerating affordable housing lending by (a) increasing mortgage lending in low-and moderate-income communities and (b) accelerating commercial lending to build affordable housing.

 

[HeDied4U]

Perhaps the stores that are being closed are under-performing stores and the closures have been in the works for a while. If that's the case, I'll admit that it's bad timing on Walmart's part to announce bonuses and higher starting wages and then announce store closings.

I've been in one of the Sam's Club stores that is slated for closure in Illinois (Matteson) and I have to admit that it's not the best Sam's Club I've ever been in. It's also in an economically depressed area that has seen a lot of stores going out of business, so I'm sure that hasn't helped.

So rather than infusing $ into an economically-depressed area by fixing the issues, it just makes more people in that area unemployed. So what happens? The club members go to the more "economically productive" (i.e, white) areas to do their business. Hurts both the patrons in the area who are transportationally challenged as well as the former employees of the store.

Three of the six Chicago area stores that are closing are in predominately white suburbs, so that kind of shoots down that theory.

Perhaps, but the idea is still the whole thing is a shell game.

Perhaps, but Walmart needs to do what is necessary to placate its shareholders and to remain profitable.

 

[sword]

LOS ANGELES, Jan 24 (Reuters) - Starbucks Corp will use some of the savings from the new U.S. corporate tax cuts to give domestic employees pay raises, company stock and expanded benefits with a combined worth of more than $250 million, the company said on Wednesday.

 

[sword]

Verizon (VZ) on Tuesday joined several major companies in rewarding employees with incentives tied to the passage of a GOP-backed tax reform bill.

The telecom giant will give nearly all of its employees 50 shares of restricted stock, worth roughly $53 each ($2350) as of this week, a source with knowledge of the equity award confirmed to Fox News. The share prices will be set on Feb. 1.

 

[sword]

Walt Disney Co. said it will give employees a one-time cash bonus of $1,000, joining a growing list of companies handing out awards in the wake of federal tax reform.

About 125,000 U.S. employees will be eligible, the company said Tuesday in a statement, putting the cost at $125 million. Disney also plans to put $50 million into a fund to help hourly employees with tuition costs and plans to provide as much as $25 million annually for that purpose afterward.

 

[sword]

Spellex Corporation, told FOX and Friends he wanted to ?share the wealth? and decided to give $1,000 tax cut bonuses to his employees. Wolf wrote ?Trump Tax Cut and Jobs Act? on each check so that his employees understood why they were getting the January bonus.

 

[sword]

Home Depot, Jan. 25, 2018,
The Home Depot? announced plans to provide a new one-time cash bonus for U.S. hourly associates of up to $1,000 in the fourth quarter of fiscal 2017.  The bonus will be paid in addition to the Company's longstanding Success Sharing bonuses for hourly associates.

 

[4everfsu]

Spellex is from my home town Tampa Florida. About 50 employees of a software company. So even some small companies are feeling it and sharing it.

 

[FSSL]

I never saw this kind of positive corporate activity in a long time!!!


Sent from my iPhone using Tapatalk

 

[sword]

January 26, 2018
FedEx Corporation is announcing three major programs today following the recently enacted U.S. Tax Cuts and Jobs Act:

1) Over $200 million in increased compensation, about two-thirds of which will go to hourly team members by advancing 2018 annual pay increases by six months to April 1st from the normal October date. The remainder will fund increases in performance-based incentive plans for salaried personnel.

2) A voluntary contribution of $1.5 billion to the FedEx pension plan to ensure it remains one of the best funded retirement programs in the country.

3) Investing $1.5 billion to significantly expand the FedEx Express Indianapolis hub over the next seven years. The Memphis SuperHub will also be modernized and enlarged in a major program the details of which will be announced later this spring.

 

[HeDied4U]

Pelosi calls $1000 bonuses "crumbs" and Wasserman-Schultz says that $1000 won't "go very far."

A thousand bucks may be crumbs to a rich old hag like Pelosi, but for the family struggling to pay a higher than normal heating / electric bill, or a single mom needing to put food on the table and new shoes for her children, $1000 could very well be a godsend. And I'll just bet that there are folks out there that could "stretch out" that $1000 to make it last for several months.

Just more proof that the majority of DC liberals are out of touch with mainstream America.

 

[Ransom]

Pelosi calls $1000 bonuses "crumbs" and Wasserman-Schultz says that $1000 won't "go very far."

No problem. Next time the Dems hit you up for a donation, just remind them that your "crumbs" won't "go very far," so there's no point.

 

[HeDied4U]

Pelosi calls $1000 bonuses "crumbs" and Wasserman-Schultz says that $1000 won't "go very far."

No problem. Next time the Dems hit you up for a donation, just remind them that your "crumbs" won't "go very far," so there's no point.

Good point!!

 

[sword]

Honeywell, in its quarterly earnings report, said it was increasing the 401(k) match for its U.S. workers as a result of the tax cuts. They did not state how many of their 132,000 employees would benefit from this change.

 

[sword]

Lowe's 2/1/2018

Lowe?s said it would pay a one-time bonus of $1,000 to more than 260,000 hourly US employees, as the home improvement chain takes advantage of changes in the tax code.

The company said it would also give new benefits, including additional paid maternity and parental leave and adoption assistance benefit of up to $5,000, to qualified hourly full-time employees.

 

[prophet]

Keep piling on!!!

One of the problems in our society is that we let off the gas when we are ahead...
That came from somewhere beside Yankee land, for sure.

If the white flag isn't waiving, burn Atlanta!

Sent from my H1611 using Tapatalk

 

[sword]

2/1/2018 Ding Dongs anyone,

Hostess Brands is the latest company to offer bonuses thanks to the new tax plan. But it's the first to throw in Twinkies and Ding Dongs on top of the cash.

Hostess Brands said it would provide $1,250 bonuses to 1,036 hourly employees "following the recently enacted tax legislation."

The company said the bonuses would be $750 in cash and $500 in 401(k) contributions. It added that it would "further sweeten the benefit" by giving all of its 1,300 employees a year's worth of free baked products.