Southwire, a supplier of RV power protection products based in Carrollton, Ga., recently announced that it will reinvest approximately $9 million back into the “lives, and pockets, of its employees.” They join a growing list of companies that have made similar moves as a result of the recent tax reform.
In addition to global, one-time employee bonuses, the company said that it is expanding its parental leave policy and taking steps to strengthen its commitment to education, skilled trade development, Science, Technology, Engineering and Math (STEM) programs as well as diversity in the workplace.
Full-time employees in the U.S., with the exception of executives and upper management, will each receive a $1,000 bonus, and full-time employees outside of the U.S. will receive an equivalent supplement.Part-time employees will receive a bonus payment of $250 or an international equivalent. These investments will impact the majority of Southwire’s nearly 7,500 employees.
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