CANBERRA, Australia (AP) — Employees of an Australian bus company have been given a 15 million Australian dollar ($16 million) share of the proceeds of the business sale as a thank you for their loyalty, an executive and a newspaper said today.
The 1,800 staff at Melbourne based Grenda Corp. have received bonuses averaging more than AU$8,300 and as much as AU$30,000 after the Grenda family sold the 66- year-old business for AU$400 million, the Herald Sun newspaper reported.
Chief executive Geoff Grenda described the gratitude of staff — one of whom had been with the company for 52 years — as “overwhelming.”
“We sat down and thought: ‘How can we thank the people that have got us to where we’re going to end up?’ and it was a fairly easy decision for us,” Grenda told Nine Network television, referring to his father Ken and brother Scott.
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