AT&T today said it would give $1,000 as a special bonus to all its 200,000 employees in the US, once President Donald Trump signs the new tax bill into law.
The US Congress yesterday approved legislation representing the first comprehensive tax reform in a three decades. President Trump is expected to sign the bill in the coming days.
Once tax reform is signed into law, AT&T plans to invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees - all union-represented, non-management and front-line managers. If the President signs the bill before Christmas, employees will receive the bonus over the holidays.
''Congress, working closely with the President, took a monumental step to bring taxes paid by US businesses in line with the rest of the industrialised world,'' said Randall Stephenson, AT&T chairman and CEO. ''This tax reform will drive economic growth and create good-paying jobs. In fact, we will increase our U.S. investment and pay a special bonus to our U.S. employees.''
AT&T said in a statement since 2012, it had invested more in the United States than any other public company.
"Every $1 billion in capital invested in the telecom industry creates about 7,000 jobs for American workers, research shows," the statement added.