That averages to $20 thousand for each employee, but the awards are not spread evenly. Because what do think this is, Russia?
Each gift will be based on longevity of service, the company says, and will be shared to full-time team members as a cash bonus and a gift to the employee's 401(k) account. While the amounts of the gifts will vary, the average bonus will be about $20,000 per worker, the Detroit Free Press reports, with the first installment made by the end of 2019. A second cash bonus and special bonus to 401(k) accounts will be gifted by the end of March 2020. For employees who have worked at the company for over 40 years, gifts will top $60,000.The company makes styrofoam things that florists use.
More details and photos at CNBC.
1 comment:
A situation like that does often promote a closeness between management and labor.
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