Altria Group will pay $3,000 bonus to all non-executive employees

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Altria Group will pay $3,000 bonus to all non-executive employees

By JOHN REID BLACKWELL Richmond Times-Dispatch 18 hrs ago

Altria Group Inc., one of the Richmond area’s largest private employers, says it is giving all of its non-executive employees a one-time $3,000 bonus, thanks to the corporate tax cut passed by Congress in December.

The Henrico County-based parent company of cigarette maker Philip Morris USA said it also plans to set aside $35 million over three years for philanthropic programs in the communities where it has operations, focusing particularly on nonprofit programs in youth development and workforce preparedness. The money is in addition to the roughly $55 million a year that Altria typically donates to philanthropy, a company spokeswoman said.

The bonus to employees is expected to be paid out this month and will amount to a total of $24 million for the company’s approximately 7,900 non-executive employees.

About 3,600 of those employees are in the Richmond area, where the company has a cigarette factory in South Richmond, its headquarters in Henrico, a research center in downtown Richmond and other operations.
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1. Banana republic...

[procon]

2. So, their wages still aren't going up and employees still won't qualify

for a bigger loans to go buy a car or a home. They aren't going to see a bigger paycheck with a regular raise added in that might let them buy a big ticket item like a new fridge where they could afford the monthly payments. If the bonus is added in one big chunk taxes will take a big bite out of it before the employee gets a dime.