In this file:
· Hormel, Maple Leaf Pay Worker Bonuses to Keep Plants Going
· Media Release: Hormel Foods Announces Over $4 Million in Special Cash Bonuses for Plant Production Team Members
Hormel, Maple Leaf Pay Worker Bonuses to Keep Plants Going
North American demand for meat surges during virus pandemic
Employees are ‘working around the clock,’ Hormel says
By Jen Skerritt and Isis Almeida, Bloomberg
March 23, 2020
Food giants across North America are offering staff working at its meat plants more money as their already-grueling jobs become even more critical during the coronavirus crisis.
Cargill Inc., the world’s largest agricultural commodities trader, spam-maker Hormel Foods Corp. and top Canadian food processor Maple Leaf Foods Inc. are offering cash bonuses for plant staff amid a threat of production disruptions if workers start calling in sick due to the deadly virus.
That’s a stark turnaround for an industry that rarely offers even paid sick leave for plant employees. But as shoppers stock up on meat and prepare to stay home to weather the pandemic, and possible disruptions to immigrant worker visas loom, meat giants are trying to keep their factories running.
Cargill, the third-largest U.S. beef packer, is paying an additional $2 an hour for employees that complete all their weekly shifts as well as a $500 bonus to the ones that work all their schedules through May 3. It’s also offering paid leave for 2 weeks for employees affected by the coronavirus through March 31.
Hormel will spend more than $4 million on cash bonuses for workers “who have been working around the clock” to ensure its products are available, the company said Monday. Full-time workers will receive $300 while part-time workers will get $150 in addition to extended paid sick leave.
Sales of Hormel’s Spam increased as much as 37% in the four weeks ended March 8, according to a Bloomberg Intelligence report, which cited IRI data.
Maple Leaf will be providing hourly staff with an C$80 ($55) per week…
Hormel Foods Announces Over $4 Million in Special Cash Bonuses for Plant Production Team Members
Company's team members working tirelessly to ensure food supply during COVID-19 crisis
Source: Hormel Foods Corporation
via PRNewswire - Mar 23, 2020
AUSTIN, Minn., March 23, 2020 /PRNewswire/ -- Hormel Foods, a global branded food company (NYSE: HRL), today announced a special cash bonus to its plant production team members who continue to work tirelessly to produce food during the COVID-19 outbreak. The more than $4 million bonus will be paid to all full- and part-time plant production team members who have been working around the clock to ensure the company's trusted brands and products are available during the COVID-19 pandemic.
"As a global branded food company, we play a critical role in providing safe, high-quality food during this unprecedented time," said Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods. "Our incredible team of more than 13,000 plant professionals is the backbone of our company and this special bonus is one way we can continue to thank them for how they have risen to the challenge and continue to produce food with a sense of purpose and pride."
The special bonus includes $300 for full-time team members and $150 for part-time team members. Additionally, the company has expanded its CARE Program employee assistance program fund, and extended paid sick leave and waived waiting periods and eligibility requirements for certain benefits for its workforce.
In addition to this special bonus, Hormel Foods has taken a leadership role in helping with hunger relief and food insecurity and announced a pledge of $1 million in cash and product donations to assist nonprofits with their efforts during the COVID-19 outbreak.
The company's monetary and product donations will be made to global, national and local hunger-relief organizations. Feeding America, Convoy of Hope, Conscious Alliance and food and hunger-relief organizations in the company's plant communities will be among those organizations receiving immediate funding and donations.
Hormel Foods has donated more than $50 million in cash and product donations to help others over the last five years. For more information about the company's charitable giving and corporate responsibility efforts, please visit https://csr.hormelfoods.com/.
ABOUT HORMEL FOODS — Inspired People. Inspired Food.™
Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. Its brands include SKIPPY®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin's®, Wholly®, Hormel® Black Label®, Columbus®, Happy Little Plants® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the "Global 2000 World's Best Employers" list by Forbes magazine for three straight years, is one of Fortune magazine's most admired companies, has appeared on Corporate Responsibility Magazine's "The 100 Best Corporate Citizens" list for the 11th year in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/.
SOURCE Hormel Foods Corporation