profitsharing

Southwest Airlines Employees Earn $667 Million In 2019 profitsharing

WEBWIRE

Southwest Airlines Co. (NYSE: LUV) announced it will share $667 million with its Employees through its ProfitSharing Approach for 2019, which includes a discretionary, incremental profitsharing award for payment from The Boeing Enterprise associated to the 2019 economical effects of the MAX groundings. This $667 million profitsharing award is equivalent to $1.eight million a day and is a lot more than six weeks’ spend for every qualified Worker.

This reward equals somewhere around 12.two p.c of every single qualified Employee’s qualified payment. On March thirteen, 2020 most Employees will get 10 p.c of qualified

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