2014 In Review // Local: News, Sports Nat'l: News, Sports, Entertainment, Talkers | Top 20 Most Read Stories 

Local

Hormel Foods Gives Nearly $5 Million In Bonuses

View Comments
Hormel

(credit: Hormel Foods)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

AUSTIN, Minn. (AP) — The holidays just got a little merrier for some 19,500 employees of Hormel Foods Corp.

The Austin company dished out $4.9 million in bonuses this week to its workers. Each employee got a check for $250.

The Austin Daily Herald reports Hormel CEO Jeff Ettinger says the bonuses were given to employees for their hard work during the past couple years in helping the company achieve its strong performance in tough economic times. Hormel’s fourth-quarter net income rose 17 percent.

Just last month Hormel distributed a record $16 million in profit-sharing to its employees.

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 2,543 other followers