Gap Inc. Announces Increase in Minimum Hourly Rate for U.S. Employees
SAN FRANCISCO -- February 19, 2014
Gap Inc. (NYSE: GPS):
In an all-employee call early this morning, Glenn Murphy, Chairman
and CEO of Gap Inc. (NYSE: GPS), announced to employees that, in
What: line with its promise to “do more than sell clothes,” it will raise
the minimum hourly rate for U.S. employees to $9 in 2014 and $10 in
2015 across its family of six brands. This will ultimately benefit
about 65,000 store employees.
Additional information is available at www.gapinc.com/domore.
When: February 19, 2014
A full statement and more information about this announcement is
How: available at www.gapinc.com/domore. Follow the discussion on social
media via #letsdomore.
Media inquiries should be directed to Paula Conhain at
Contact: firstname.lastname@example.org or 415-427-4612. For investor inquiries, please
contact David Davick at 415-427-2164 or email@example.com.
Paula Conhain, 415-427-4612 (media)
David Davick, 415-427-2164 (investors)
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