Firm hands out $10 million in holiday bonuses

Thank you for your reading and interest in the news Firm hands out $10 million in holiday bonuses and now with details

Aden - Yasmin Abdel Azim - Illustrative image Image Credit: Pixabay

Baltimore:  A commercial real estate developer is handing out a total of $10 million (Dh36 million) in bonuses to its 198 employees.

WTOP reported Monday that Baltimore-based St. John Properties announced the bonuses at the company's holiday party.

Edward St. John, the founder and chairman of the company, said the amount of money that each employee gets is based on tenure. The average bonus was $50,000, but some employees will get upward of $250,000.

The company has employees throughout Maryland and northern Virginia. The bonuses celebrate the company's achievement of developing 20 million square feet of office space, retail and warehouses. That real estate is spread out over eight states.

Edward St. John said that he is "thankful for every one of our employees for their hard work and dedication. I couldn't think of a better way to show it.''

The company was founded in 1971. It has retail and warehouse space in Maryland, Virginia, Colorado, Louisiana, Nevada, Pennsylvania, Utah and Wisconsin.

These were the details of the news Firm hands out $10 million in holiday bonuses for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Gulf News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Coronavirus: Japan to end state of emergency in Tokyo
NEXT Coronavirus: Emirates announces limited passenger flights for May