Dollar Tree extends employee pay bump through end of June

Dollar Tree extends employee pay bump through end of June

Dollar Tree Inc. said late Wednesday it was extending a bonus-pay period through the end of June. The dollar store had announced a $2 an hour pay bump to its hourly store and distribution employees for all hours worked in the 14-week period from March 8 to June 13, the height of coronavirus-related stocking up and grocery shopping. That was estimated to cost $105 million. Dollar Tree extended that premium pay over the two-week period ending June 27, for an additional $15 million, the company said. Shares of Dollar Tree were flat in the extended session Wednesday after ending the regular trading day down 1.2%. Dollar Tree had about 56,900 full-time and 136,200 part-time employees as of Feb. 1.

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