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Furniture maker issuing $5M in bonuses
An office furniture maker in the region is issuing bonuses totaling $5 million to its employees.
Holland-based Haworth said in a letter to employees on Jan. 17 it will award bonuses to 4,500 of its employees worldwide to celebrate the family owned company’s 70th anniversary.
Part- and full-time employees working at Haworth-branded companies will receive $500 and $1,000 bonuses, respectively, effective at the end of February based on each country’s pay schedule.
Temporary and resource labor pool workers are not included in the bonuses.
“During such a significant milestone, my father, Franco (Bianchi, president and CEO) and I have reflected on how far we’ve come since our humble beginnings in my grandfather’s garage,” said Matthew Haworth, chair, in the letter to employees. “We also recognize the important role our members have played in helping build this great organization.
“Haworth is and will continue to be a family, building on 70 years of tradition. On behalf of my family, Franco and the executive leadership team, thank you for your commitment, leadership and contributions to the success of our organization.”
A Haworth spokesperson said the bonuses are not directly tied to the federal tax reform. Matthew Haworth’s letter to employees noted “a better business climate” was one of the reasons for the bonus.
“It came from a conversation between Dick and Matt Haworth (chair emeritus and current chair) on how to pass on to our employees the celebration of our 70th anniversary in 2018, as well as a strong 2017,” said Julie Smith, public relations and communications manager, Haworth.
“We’ll be announcing our full-year results in two to three weeks. It was a strong, successful year for us.”
Founded by G.W. Haworth in 1948, Haworth is a privately held global manufacturer in the contract office furnishings industry.
It has 6,000 workers, 650 dealers operating in more than 120 countries, 81 sales offices and showrooms and 350-plus patents.
Haworth reported $1.8 billion in global sales in 2017.