Skip to main content

Hormel dishes out $16.5M in bonuses to employees

Austin-based Hormel gave out $16.5 million in profit sharing to its employees. The checks amounted to about two weeks of regular pay. The bonus checks were announced a day after Hormel released its fourth-quarter and annual earnings report.
  • Author:
  • Updated:
    Original:

Austin-based Hormel gave out $16.5 million in profit sharing to its employees. The checks amounted to about two weeks of regular pay. The bonus checks were announced a day after Hormel released its fourth-quarter and annual earnings report.

Next Up

Growlers

Signs that MN Legislature could move to loosen liquor laws

A provision was approved by a legislature committee on Thursday but still awaits a final decision from the House and Senate.

US Bank Stadium

U.S. Bank Stadium looking to hire 400 part-time workers

A hiring fair will be held for the positions.

Screen Shot 2022-05-20 at 8.55.56 AM

Officials looking for man last seen leaving Hudson home

David Mckay, 67, was last seen in Hudson Thursday morning.

covid

'Hyper-contagious' BA.4, BA.5 COVID variants confirmed in MN

Omicron continues to evolve into a more transmissible virus.

covid-19, coronavirus

Minnesota's COVID-19 update for Friday, May 20

The latest data shows there are 442 people with COVID hospitalized in Minnesota.

Screen Shot 2022-05-20 at 6.49.01 AM

Deadly night in St. Paul sees 3 people killed, 1 arrest so far

The three incidents bring St. Paul's homicide total up to 18 this year.

police lights

2 killed in broad daylight drive-by shooting in Robbinsdale

The identities of the victims have not been released.

Seatbelted driver.

Road deaths involving unbelted people rose again in 2021

This is the second year in a row that the number has gone up.

hennepin sheriff hutchinson screengrab facebook

Hennepin Co. Sheriff Dave Hutchinson on paid leave for health reasons

The sheriff, who was recently convicted of drunk-driving, is set to stand down later this year.

Crane Lake

Flooding expected to worsen in MN's Arrowhead region

Hundreds of private homes are at-risk in northern St. Louis County.

St. Paul Police crash

St. Paul police: Kids in stolen car rammed squad, hid in porta-potty

The incident sent the Minnesota Capitol into a brief lockdown.

Related

Hormel hands out $16.5 million in bonuses

The company is sharing record profits with plant employees, who tell the Daily Herald that the annual event means a lot and helps around the holidays.

Higher expenses eat into Hormel's profits

The Austin-based company reports earnings for refrigerated foods were down 44 percent in the first quarter. Hormel says leaner profit margins for pork were a big ingredient in that. CEO and President Jeff Ettinger expects slowly improving results this year.

Hormel Foods 3Q net income soars 13%

Strong sales of Spam and Jennie-O products helped the Austin-based meat producer meet Wall Street expectations. Hormel's third quarter earnings rose to $111.2 million, or 41 cents per share, in the third quarter ended on July 29 compared to $98.5 million, or 36 cents per share, a year earlier.

Hormel 2Q profit jumps 17 percent to beat Wall Street predictions

The Austin-based food maker says strong demand for its Jennie-O products and Spam helped boost sales in the quarter that ended in April.

Hormel Foods worker treated for tuberculosis

Workers at the Hormel Foods plant in Austin are being screened for tuberculosis after one employee there was identified with the contagious disease, KAAL TV reports. Tuberculosis is a health issue for the workers at the plant, but not a threat to food safety, the station reports.

Screen Shot 2020-04-23 at 1.41.12 PM

Hormel Foods announces more bonuses for its plant workers

The Austin-based food giant already paid out bonuses in April.