Lowe’s gave seven similar bonuses after the pandemic began in 2020 and 2021.
On Tuesday, President Joe Biden signed the Inflation Reduction Act into law and it includes the most substantial federal investment in history to fight climate change — some $375 billion over the decade — and would cap prescription drug costs at $2,000 out-of-pocket annually for Medicare recipients. It also would help an estimated 13 million Americans pay for health care insurance by extending subsidies provided during the coronavirus pandemic.
"I am pleased that our team drove operating margin improvement and effectively managed inventory despite lower-than-expected sales – a clear reflection of our relentless focus on operating discipline and productivity," Ellison said., which employs about 300,000 people and operates more than 2,000 stores.after the pandemic began in 2020 and 2021. In 2021, the bonuses were $300 for full-time workers and $150 for part-time employees.
A Lowe's store in Livermore, California, US, on Wednesday, May 11, 2022. Photographer: David Paul Morris/Bloomberg via Getty Images
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