January 10, 2018 at 4:45 PM EST
Company to Allocate US $2,000 to every North American Employee not on
a Bonus or Sales Incentive Plan
HOUSTON--(BUSINESS WIRE)--Jan. 10, 2018--
Waste Management, Inc. (NYSE: WM) announced today that, in light of the
meaningful contributions of its employees and the new U.S. corporate tax
structure, the company will distribute US $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. 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,” said Jim Fish, president and chief
executive officer, Waste Management.
“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 US $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,” he continued.
Approximately 34,000 qualified Waste Management employees could receive
this special bonus.
ABOUT WASTE MANAGEMENT
Waste Management, based in Houston, Texas, is the leading provider of
comprehensive waste management services in North America. Through its
subsidiaries, the company provides collection, transfer, recycling and
resource recovery, and disposal services. It is also a leading
developer, operator and owner of landfill gas-to-energy facilities in
the United States. The company’s customers include residential,
commercial, industrial, and municipal customers throughout North
America. To learn more information about Waste Management visit www.wm.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20180110006266/en/
Source: Waste Management, Inc.
Waste Management, Inc.