Aussie Bus Boss Wows Staff With $16M In Bonuses

  

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 ($8,800) and as much as AU$30,000 ($31,800) after the Grenda family sold the 66-year-old business for AU$400 million ($425 million), the Herald Sun newspaper reported.

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