Lowe's to hire over 50,000 workers, pay $80 million in bonuses

FILE PHOTO: A view of the sign outside the Lowes store in Westminster, Colorado February 26, 2014. Lowe’s Cos Inc reported strong growth in quarterly sales, showing that the No. 2 U.S. home improvement retailer was narrowing the gap with market leader Home Depot Inc. Lowe’s shares rose more than 6 percent in early trading, after the company reported that net sales increased 5.6 percent to $11.66 billion in the fourth quarter ended January 31. REUTERS/Rick Wilking

(Reuters) – Lowe’s Cos Inc said on Thursday it would pay employees about $80 million in additional discretionary bonuses and also plans to hire more than 50,000 workers across its U.S. stores in the spring.

The latest bonus will bring total COVID-19 financial commitment to employees and communities to nearly $1.3 billion, the home improvement chain said.

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