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Walmart will pay for workers' college tuition and books, removing $1 per day fee

Walmart Inc. (WMT) said Tuesday that it is eliminating the $1 per day fee for the college education program it had in place and will instead cover the entire cost of tuition and books for its workers. The move will impact 1.5 million part-time and full-time workers, the company said, and is part of a $1 billion investment in training and development over the next five years. Walmart is also adding areas of study to the degree and certificate options: business administration, supply chain and cybersecurity. And four partners have joined the Live Better U education program: Johnson & Wales University, the University of Arizona, the University of Denver and Pathstream. Walmart stock has slipped 1.2% for the year to date while the Dow Jones Industrial Average has gained 14.5% for the period.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

07-27-21 1104ET

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