Piscataway-based Tingley Rubber Corporation has issued one-time bonuses of $1,000 to all 50 U.S. based employees because of additional earnings derived from the recently passed federal
Tingley’s ownership announced its plans to share some of the tax benefit directly with their employees to express the company’s gratitude and reward exceptional performance. The $1,000 bonuses will also be eligible for the company’s 401(k) plan deferral with the standard corporate match, Tingley said in a statement.
“The economic development that should come as a direct result of the new tax reform legislation and deregulations will positively affect Tingley’s ability to grow its business,” said Tingley Owner and Chairman Bruce McCollum. “The tax reform package will allow Tingley to invest more into our strategic initiatives, and better serve our customers, as well as our employees and shareholders.
“We are excited for the opportunity to reward our dedicated and hard-working employees with this special bonus as a token of our gratitude,” he said.
The fifth-generation family-owned business was founded in 1896. A leading supplier of protective footwear and clothing, Tingley Rubber Corporation has also been an NJBIA member since 1924.
“NJBIA congratulates the Tingley Rubber Corporation for putting back into their company to reward and invest in their employees, which ultimately makes for a better workplace and better operations.,” said NJBIA President and CEO Michele Siekerka.”
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