HOUSTON—Waste Management, Inc. announced that, in light of the meaningful contributions of its employees and the new U.S. corporate tax structure, the company will distribute $2,000 in 2018 to every North American employee not on a bonus or sales incentive plan; that includes hourly and other employees.
“We are about to get a tax benefit as our U.S. corporate tax rate goes from 35 percent to 21 percent,” said Jim Fish, President and CEO, Waste Management. “In considering how to best spend that, we wanted to find a way to help grow our economy, which in turn, will help grow our business, and give some of the tax savings back to those hardworking employees who do not get the opportunity to participate in our salaried incentive plans. So, we are offering each North American hourly full-time employee and salaried employee who does not participate in any sales incentive or bonus plan during 2018, a cash bonus of $2,000 to show our appreciation to so many of our valued employees while growing our business and returning a good portion of the tax savings directly to the overall economy.”
Approximately 34,000 qualified Waste Management employees could receive this special bonus.