Watch CBS News

Michigan Company Gives Out $4M In Christmas Bonuses

LUDINGTON (Patch) — It's going to be one merry Christmas for a group of west Michigan employees who each are expected to get an average of $20,000 as a holiday bonus this year.

The company FloraCraft, based in Ludington, will be giving out $4 million in bonuses. The owner, Lee Schoenherr, announced the big news during the annual holiday party.

Each git was based on longevity of service, and shared as both a cash bonus and a special gift to the employee's 401(k) plan. Those with more than 40 years of tenure will get around $60,000 in bonuses.

Click here to continue.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.