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Hormel Continues 80 Years of Profit Sharing

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November 21, 2018

KTTC

A Thanksgiving tradition continues 80 years strong as Hormel hands out profit sharing checks to eligible workers.

The company distributed its annual profit sharing of $17.9 Million among its 20,000 employees worldwide.

There are 1,800 workers at the Austin plant alone.

Each shift starts their Thanksgiving Eve with complimentary snacks and a pep talk before the checks are distributed.

Jay C. Hormel began the program back in 1938 and it is continued by Hormel’s Board of Directors.

It is a source of pride for company leaders, who say that the program is unique to their company.

Workers become eligible after a year of employment.