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Walmart To Enforce Emergency Leave Policy After Cynthiana, Kentucky Associate Tests Positive For Coronavirus

By John F. Heerdink, Jr.

Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites.

As per reports, Walmart has declared emergency leave policy amid the coronavirus outbreak after one of its associates tested positive at a store in Cynthiana, Kentucky.

Your health is our priority, and, as we’ve said before, we want any associate who is not feeling well to stay home. The associate is receiving medical care, and her condition is improving. We wish her a speedy recovery. he associate is receiving medical care, and her condition is improving. We wish her a speedy recovery,” U.S. CEO John Furner wrote in a memo to Walmart’s 1.4M U.S. associates.

The memo explained three different cases for employees to incorporate a new emergency leave policy. Firstly, the company waives attendance occurrence policy through the end of April for associates who “unable to work” or “uncomfortable to work,” by granting them to stay at home. The memo stated “In order to be paid for this time, you may use your regular paid time off options,” Secondly, for stores, clubs, etc under a mandated quarantine will receive up to two weeks of pay and absences during that time will not count against attendance. “We’ve chosen two weeks because it matches the recommended time for quarantines related to this virus,” Furner informed. Thirdly, any employee tested positive for the virus will receive up to two weeks of pay and additional pay replacement if required. “If they’re not able to return to work after that time, additional pay replacement may be provided for up to 26 weeks for both full-time and part-time hourly associates.” stated the memo.

To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Walmart implements emergency leave policy after associate tests positive for COVID-19 in Yahoo Finance)


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