NEW YORK (AP) — Best Buy Co., the nation’s largest consumer electronics retailer, says it will be handing out bonuses to more than 100,000 employees, joining a list of companies sharing a portion of their windfall from the corporate tax reform law with employees.

The Minneapolis-based chain says that this month it will pay one-time bonuses of $1,000 to full-time workers and $500 to part-time employees.

(credit: Kevork Djansezian/Getty Images)

Company spokesman Jeff Shelman said full-time salaried employees on a bonus plan will not get the extra funds.

Best Buy joins a list of others including Walmart Inc., Walt Disney Co. and Starbucks Corp., adopting measures such as giving out bonuses, enhancing maternity benefits and raising wages in the wake of the tax overhaul.

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Comments
  1. Hmmmmm. Nothing like this ever happened under the Obama reign of terror. Very interesting how 1,000+ companies are giving these huge bonuses and big pay raises in 2018. Wonder why our beloved local media don’t report the Republican only tax cuts? Democrats refused to give tax income cuts to the poor and elderly or anyone.