PEACH TREE - Product Mart has announced a 25% raise in increase for company executives and a 2% raise for hourly and salaried managers. The move comes after last nights Executive Budget meeting in Peach Tree where executives across all of the company’s subsidiaries met to discuss important projects, the executive budgets and employee pay rates.
The meeting concluded with a vote to increase executive salary by about 24.8% and to raise employee pay rates by 1.9%, both increases to begin in January.
“We know that our employees have voiced their anger about their rates of pay and our company is slowly working another pay raise for them in early 2025,” said Product Mart CEO Ronald Chlabowy. “We are also addressing our associates’ concerns about the lack of employee programs. That is in the next round of votes and we hope to pass several important employee programs.”
Employees who wish to remain anonymous say they are angry that the company is willing to raise their salaries but are only raising the pay rates for hourly employees by 2%, with them receiving a 23% higher raise then them.
”We are struggling to make ends meet, and I work two jobs and that still isn’t enough,” said an employee. “But there over here increasing their salaries while they live in luxury and we are getting scrapes of left over money.”
The company and its subsidiaries are receiving heavy backlash for its increase and union representatives from several major retail companies are calling that move illegal and unfair.
The company has yet to respond to our request for comment. The company did not release a statement on their website as of the publishing of this article.