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Milwaukee Journal Sentinel – The Kroger Co. said Monday it is using proceeds from the Tax Cuts and Jobs Act to enhance benefits it offers to employees.
The benefits include an enhanced educational assistance program, higher wages, a more generous 401(k) benefit, higher discounts for employees and enhanced support programs for employees who face crises, the company said in a statement.
Kroger’s Roundy’s division is based in Milwaukee. The company, via its Pick ‘n Save, Metro Market, and Copps stores, is the grocery market share leader in Milwaukee and Wisconsin, with 106 stores in the state. The company employs 12,500 people in Wisconsin.
Cincinnati-based Kroger had announced previously that it planned to invest much of its tax cut back into the business.
“The Tax Cuts and Jobs Act is a catalyst that is enabling us to accelerate investments in Restock Kroger, our plan to serve America through food inspiration and uplift,” Rodney McMullen, Kroger’s chairman, and CEO said in a statement. “We intend to make significant investments in our associates, to continue redefining the customer experience, and to return value to our shareholders – sharing the benefit with all of our stakeholders in a balanced way. Read more
