Walgreens has eliminated holiday compensation for hourly workers who do not physically show up for shifts on six major American holidays. The pharmacy chain will no longer provide pay for Thanksgiving, Christmas, New Year's Day, Memorial Day, Independence Day, and Labor Day unless employees are present and working during those celebrations.
The policy adjustment was disclosed to staff members weeks after private equity firm Sycamore Partners completed its acquisition of the retail drugstore operation. The change represents a departure from previous arrangements where qualifying hourly personnel received compensation for these occasions regardless of scheduling.
The adjustment accompanies broader operational reductions at the company, including the planned closure of 1,200 locations nationwide and the recent dismissal of 80 corporate positions. Walgreens has declined to respond to inquiries about the compensation modification.
The policy adjustment was disclosed to staff members weeks after private equity firm Sycamore Partners completed its acquisition of the retail drugstore operation. The change represents a departure from previous arrangements where qualifying hourly personnel received compensation for these occasions regardless of scheduling.
The adjustment accompanies broader operational reductions at the company, including the planned closure of 1,200 locations nationwide and the recent dismissal of 80 corporate positions. Walgreens has declined to respond to inquiries about the compensation modification.
