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Wal-Mart Plans to Give Raises to 1.1 Million U.S. Workers

  • Pay boost goes above what company had previously announced
  • Retailer will spend $1.5 billion this year on higher wages
An employee arranges products for sale at a Wal-Mart location in Los Angeles.
Photographer: Patrick T. Fallon/Bloomberg
Updated on

Wal-Mart Stores Inc., the largest private employer in the U.S., is raising the wages of more than 1.1 million employees next month as it works to retain employees and improve the quality of its stores.

Under the plan, which is broader than was previously announced, hourly employees on Feb. 20 will get either a raise to at least $10 an hour or at least a 2 percent pay boost, the company said Wednesday in a statement. The new minimum wage for top-level hourly employees will increase to $15 an hour from $13, while the base salary for assistant managers will also rise.