Workers surprised by holiday bonuses

December 1, 2008 4:44:48 PM PST
A big thank you to workers at one Waukegan company-- just in time for the holidays. Waukegan-based Peer Ball Bearings, which was bought by a Swedish company earlier this year, was run by the Spungen family for three generations. The family wanted to show their appreciation for the years of hard work, so they gave all of their 230 workers big financial bonuses in handwritten holiday cards.

Dave Tiderman, who spent more than two decades with the company, got a bonus of $35,000.

"I was speechless. I didn't know really what to think of it. Obviously you're as grateful as you can possibly be," said Dave Tiderman, employee, Peer Ball Bearings.

"These employees aren't just employees, they're extended family. And we wanted to make sure that we did everything possible to show our appreciation," said Danny Spungen, co-Owner, Peer Ball Bearings.

Others at the company are splitting $6.6 million-- based on how long they have worked there. Another bonus, they all get to keep their jobs.


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