- Laboratory Corp of America Holdings LH has increased the minimum hourly wage for U.S.-based employees to $15 from $10.95.
- The Company joins several other firms in implementing measures to retain staff amid a nationwide labor shortage.
- Lab Corp has more than 70,000 employees and said that the new minimum wage for non-union employees is effective this month.
- Other U.S. companies such as Walgreens Boots Alliance Inc WBA, CVS Health Corp CVS, and Walmart Inc WMT also raised the minimum hourly wages for employees in recent weeks, reports Reuters.
- Read Next: Stock Wars: CVS Health Vs. Walgreens Boots Alliance.
- Price Action: LH stock closed 1.11% higher at $308.34 on Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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