|
|
Crookston Times - Crookston, MN
  • Hormel thanks employees with profit-sharing checks

  • Hormel began its profit-sharing program in 1938 and has continued in each of the past 74 years.
    • email print
      Comment
  • Hormel Foods Corp. is continuing its popular Thanksgiving tradition — giving its employees a share of the corporate profits.
    The Austin, Minn.-based meatpacker said Wednesday that because of its record profits in 2012, eligible hourly and salaried employees will be sharing $16.9 million in profit-sharing checks.
    The company didn't immediately return a message asking how many employees would receive checks and whether the money would be distributed equally.
    Hormel began its profit-sharing program in 1938 and has continued in each of the past 74 years.
    The company produces familiar brands such as Spam, Hormel chili, Jennie-O turkey and Dinty Moore stew.
    Hormel reported this week that its full-year net income climbed 6 percent to $500.1 million. Annual revenue was up 4 percent.

        calendar