Michigan Company Pays Out $750,000 in Bonuses to 70 Workers

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The next time your boss hands you ham in the place of a cash bonus, this might be a good story to print out and post on the employee bulletin board.

A Michigan factory owner paid out $750,000 in bonuses to 70 employees as a thank-you after the business was sold.

“Our philosophy is to create wealth and share it,” Steve Klotz, president and CEO of Grand Rapids-based Huizenga Group, told the Herald-Palladium of St. Joseph.

“The employees of the organization certainly helped create value over the years, and when we get an opportunity like this it’s right to share with employees who help make it happen,” he said.

Huizenga owned Dane Systems of Stevensville until March 18, when it was sold on to New York-based Crestview Holdings.

The checks, based on years of service with the company, ranged from $500 to $10,000. Some longtime workers received up to $50,000.

A letter to the employees said, in part: “You have built an amazing company, an innovative company, with a reputation as a leading capital equipment designer and manufacturer throughout the world.”

Dane Systems builds and designs custom machines and systems for several businesses.

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Photo via Flickr/Creative Commons