AUSTIN, Minn. (AP) — Hormel Foods Corp. has distributed a record $16.3 million in profit-sharing to its plant employees, including workers at its Austin plant.
The Austin-based maker of Spam and Dinty Moore canned beef stew passed out the bonus checks during its 72nd annual profit-sharing day Wednesday.READ MORE: COVID In Minnesota: 78 More Deaths Reported; Rolling Positivity Rate Still Reaching New Highs
Checks were compiled based on 2.2 regular week’s pay.READ MORE: Squad Cam Footage, Investigative File Released In Hennepin Co. Sheriff DWI Crash
Hormel employee Maribel Mendoza tells the Austin Daily Herald the money helps out a lot with bills and Christmas shopping.
Hormel said this week that its fourth-quarter net income rose 17 percent on better prices for turkey and lower grain costs.MORE NEWS: Minneapolis Home + Remodeling Show
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