Hormel distributes more than $15.5M in profit-sharing
It's sure to be happy Thanksgiving for employees of Hormel Foods.
The Austin-based meat and food company has announced the largest profit-sharing distribution ever to its employees.
Hormel is distributing more than 15-and-a-half million dollars to eligible hourly and salaried employees.
The company started the day-before-Thanksgiving tradition 69 years ago, in 1938.
Chairman, president and CEO Jeffrey Ettinger notes that Hormel's profit-sharing plan is strictly voluntary and is paid at the discretion of the company's board of directors.
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