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.
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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.

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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.

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