Target to raise wages, issues bonuses in pandemic response

Target (TGT -2.3%) announces that it’s raising wages by $2 an hour until at least May 2.

The retailer is also is offering team members who are 65 or older, pregnant or those with underlying medical conditions access to paid leave.

Target will pay out bonuses to 20K hourly store team leads who oversee individual departments in Target stores, ranging from $250 to $1,500.

Source: Press Release

https://seekingalpha.com/news/3553858-target-to-raise-wages-issues-bonuses-in-pandemic-response