CANBERRA, AUSTRALIA — Employees of an Australian bus company have been given a 15 million Australian dollar ($16 million) share of the proceeds of the business sale as a thank-you for their loyalty, an executive and a newspaper said Wednesday.
The 1,800 staff at Melbourne-based Grenda Corp. have received bonuses averaging more than AU$8,300 and as much as AU$30,000 after the Grenda family sold the 66-year-old business for AU$400 million, the Herald Sun newspaper reported.
