Hormel Employees Share in the Profits
Austin, MN (KROC-AM News) - Hormel Foods continued its decades-old tradition of handing out profit-sharing checks today on Thanksgiving Eve. The Austin-based company says $17.9 million was distributed to approximately 20,000 eligible hourly and salaried employees. That’s up about $400,000 from last year.
“Our profit sharing program remains unique in our industry, and we are proud to be able to share our continued success with our more than 20,000 inspired team members who work tirelessly to deliver outstanding branded food products to millions of consumers each year,” said Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods. “It is this dedicated team that helps ensure we remain one of the most trusted and successful global branded food companies. We wouldn’t be the company we are today without all of them.”
This is the 80th year for Hormel’s profit sharing program, which was launched by the company’s founder Jay Hormel in 1938.
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