Southwire to invest $9 million into workforce following tax reform
March 29, 2018 — Southwire recently announced it will reinvest approximately $9 million into the workforce as a result of a recent tax reform.
In addition to one-time employee bonuses, the company said it is expanding its parental leave policy and strengthening its commitment to education, skilled trade development, Science, Technology, Engineering and Math (STEM) programs and diversity in the workplace.
Full-time employees in the U.S., with the exception of executives and upper management, will each receive a USD $1,000 bonus and full-time employees outside of the U.S. will receive an equivalent supplement. Part-time employees will receive a bonus of USD $250 or an international equivalent.
Southwire will also offer a bridge scholarship program for eligible hourly employees who want to further their education through a two-year degree, four-year degree or technical certification.
The company also says it plans to make investments in new and existing industry partnerships to draw candidates into Southwire’s manufacturing and STEM careers.
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