Business
Tractor Supply Company Announces Updated Covid-19 Actions Across Team Members, Technology and Communities
Announces Appreciation Bonuses for Frontline Team MembersInvests in Technology and Capabilities for a Safer Shopping Experience in Store Commits $2 Million
About this update from Tractor Supply Company
[{"type":"text","content":"Announces Appreciation Bonuses for Frontline Team MembersInvests in Technology and Capabilities for a Safer Shopping Experience in Store Commits $2 Million for Charitable Giving through the Establishment of the Tractor Supply Company Foundation and a Donation to the Company’s Employee Assistance Fund BRENTWOOD, Tenn., March 25, 2020 (GLOBE NEWSWIRE) -- Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, today announced incremental actions it has taken as an essential, needs-based retailer to support its team members, customers and communities during the COVID-19 pandemic. \n “At Tractor Supply, our team members are at the heart of our relationship with our customers, who are depending on us at this critical time,” said Hal Lawton, Tractor Supply’s President and CEO. “In appreciation of our frontline team members, we are pleased to recognize their commitment to supporting our customers through one-time bonuses. We are grateful and thankful for the tireless work of our dedicated team members that are essential to serving our customers.” Lawton continued, “Looking ahead, our in-store capabilities are being enhanced to elevate the safety and convenience of shopping at Tractor Supply for our customers. In the current environment, the expansion of our Mobile Point of Sale handheld devices over the coming weeks will allow for a safer shopping experience and improved customer service. Further, we are significantly increasing our delivery options for customers with the majority of our stores now having the capability to deliver.” Team Member BenefitsIn recognition of the dedication of its team members, the Company is awarding appreciation bonuses to team members who are required to be at Tractor Supply and Petsense facilities to assist customers and operations during the COVID-19 pandemic, as follows: A $2 per hour appreciation bonus to all hourly team members, effective retroactively from March 16 to April 25. A one-time special $1,000 bonus to exempt store managers and a $500 bonus to frontline leadership and support roles. Previously, the Company extended its paid sick leave by two weeks for all team members affected by COVID-19. Team members who self-report contagious, flu or COVID-19 symptoms that keep them out of work; are part of a mandated or self-imposed quarantine; are impacted by t...