There are company bonuses, and then there's the bonus injection molder Mack Group Inc. is paying employees to mark its 100th anniversary.
The Arlington, Vt.-based company is paying a total of $15 million to employees, with individuals receiving between $5,000 and $15,000 based on their tenure.
This wasn't thanks to an unexpected business windfall. The company said in an Oct. 16 news release that it has been putting aside money for the last 25 years to fund the bonus.
"After all, Mack co-workers have gone the extra mile for Mack, it is now Mack's turn to go the extra mile for its people," President and CEO Don Kendall said.
It's not the first time Mack has rewarded its employees. In 1995 for its 75th anniversary, it flew all of its employees and their families to Disney World for a four-day trip to celebrate its anniversary.
A custom molder with a big presence in the medical industry, Mack has 2,000 employees in eight locations. With nearly $500 million in annual sales, Mack is No. 17 in Plastics News' most recent ranking of North American injection molders.