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25 January 2023
Friesens Gives Staff $7 million Extra
ALTONA, MANITOBA—
Friesens Corporation 2022 was truly a record-breaker!They broke records for revenue, profits, and number of employees. A special year led by incredible results from their core business (Book Division). The companies other businesses also delivered strong growth (Yearbook Division, Packaging Division, and FriesenPress). The company-wide theme for 2022 was “You Own It” with a focus on celebrating and promoting employee-ownership.
Last year $5,000,000 was distributed to employee-owners (a 200% increase from the prior year). The average employee-owner received almost $10,000 in ownership benefits. These ownership rewards have helped their employees and their families during a time of high inflation and have ultimately had a trickle-down benefit for the community. Just this week, Friesens announced another $2,250,000 will be distributed to employee-owners in the month of January. Friesens is an employee-owner Company.
Sales went over $100 million in 2022. Listed as Canada's 18th largest printer .
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Altona plant in Manitouba's winter
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Comment (1) Post a Comment
Comments:
1. Graham Douglas says:
1 February 2023 at 9:21 AM
A truly great company invests in its employees. Well done, Friesens.
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