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Bank of America raises US minimum wage to $25 an hour

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AFP

New York (AFP) – Bank of America announced plans to lift its minimum wage to $25 an hour and said Tuesday it is requiring US vendors to pay employees at least $15 an hour. The salary hike for employees will take place by 2025, the company said. In March 2020, the giant US bank lifted its minimum wage to $20 an hour from $17 an hour. “A core tenet of responsible growth is our commitment to being a great place to work which means investing in the people who serve our clients,” said Sheri Bronstein, chief human resources officer.  “That includes providing strong pay and competitive benefits to he…

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