Business

Aussie boss gives $15 million bonus to staff

Pat McMahon Contributor
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An Australian bus operator has stunned his employees by handing out Aus$15 million (US$15.9 million) in thank you bonuses, with workers saying Wednesday they were overwhelmed by his generosity.

Ken Grenda, 79, sold his family-run company after 66 years and decided to put a chunk of the profits into the pockets of his employees for their hard work and loyalty.

Many of his 1,800 workers thought their banks had made an error when they discovered thousands of dollars in their accounts, the Herald Sun reported.

They received an average $8,500 although some got bonuses as high as $100,000.

Full story: Aussie boss gives $15 million bonus to staff

Pat McMahon