
Crane Maker Gives $26M to Employees
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Henan Kuangshan Cranes End-of-Year Party: A Cash Bonanza for Employees
The Chinese crane manufacturer, Henan Kuangshan Crane, made waves by distributing $26 million in cash at its annual party. The event, held on February 13th, saw 7,000 employees scramble for the money, with one worker taking home $13,000. The companys generosity is rooted in its owner, Cui Peijun, who grew up poor and has since donated millions to students and employees. This latest giveaway underscores the companys success and commitment to its workforce, setting it apart in a competitive global market.
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UK News Today | 2 Min News | The Daily News Now! — Crane Maker Gives $26M to Employees. Machine-transcribed; use the interactive transcript above to jump the player to any line.
On this February 26th, this episode is brought to you by NordVPN. If you use public Wi-Fi or care about your privacy online, NordVPN helps keep your connection secure across all your devices, links in the episode description. Here's what's shaping the UK right now. A Chinese crane manufacturer called Hianan Kwongshan Crane has made headlines by stacking $26 million in cash across banquet tables at its end of year party. The event took place on February 13th, where 7,000 employees could grab as much money as they could carry home. Cash filled 800 tables at the celebration. One worker walked away with $13,000 according to reports. The company boss explained that handing out physical bills feels more real than just wiring funds to accounts. Employees have long benefited from the firm's generous streak. Last year, the business posted $38 million in net profit and shared about $24 million with staff.
It also gave nearly $230,000 in bonuses to almost 2,000 women for International Women's Day. The owner, Tui Peijun, who holds nearly all the shares, grew up poor and had to drop out of school due to costs. He has donated millions before, like $4.7 million in 2022, to over 4,000 students from low income families. This latest giveaway highlights the company's strong performance and commitment to its people, letting it apart in a competitive global market, in a competitive global market, in a competitive global market, in a competitive global market, in a competitive global market, in a competitive market, in a competitive global market, in a competitive global market, in a competitive global market,
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