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Swedish employer gives millions to staff

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Swedish employer gives millions to staff
15:43 CEST+02:00
Family-run firm Nominit in Värnamo, southern Sweden, will be paying out 114 million kronor ($16.3 million) to their current and former employees in a gesture of goodwill.

“It is fabulous. But you'd think that the whole work shop would be running around completely crazy and spraying Champagne. But it is really business as usual. Both feet on the ground in other words, even though of course we are happy,” said production manager Christer Lilja to news agency TT.

Lilja has worked for the company for 19 years and is one of the beneficiaries of the goodwill from the two company owners, siblings Inger and Sixten Norhed.

The company was founded in 1937 and is the two founders and owners have no heirs to their fortune. The company, which currently has about 50 employees, manufactures rivets and has a turnover of about 100 million kronor, of which 60 comes from export.

The ownership will now be transferred to a foundation which will safeguard the well-being of the staff and former employees as well as promoting research.

The beneficiaries will get between one and two million kronor, depending on how long they have worked for the firm, according to the company. The money will be paid out as a salary and pension in three instalments.

According to Lilja, the staff had guessed they were in for a windfall but that they had had no idea as to how large their remuneration would be.

“We could never have guessed it would be this much,” he told TT.

He added that the good atmosphere and fair personnel policies of the company is the reason he has stayed on for so long, and to his knowledge there have been no redundancies for as long as he has worked there.

TT/The Local/rm

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