Rolls of flat carbon steel. Photo via wikimedia.org
A local steel distributor is issuing bonuses to its employees after the recent federal tax overhaul.
Grand Rapids-based Mill Steel Company said today it will give a one-time $1,000 bonus to all 400 of its full-time employees, “following the tax cut passed by Congress and signed by President Donald Trump.”
“When afforded an opportunity like this, we are delighted to invest back into our hard-working associates,” said David Samrick, CEO and chairman, Mill Steel. “As a result, we anticipate increased efficiencies across all operations.”
The company will continue to annually assess its compensation and benefit plans.
Mill Steel Company was founded in 1959 by Harry Samrick.
The company is a distributor of flat-rolled carbon steel to various industries: transportation; appliance; office furniture; construction; home goods; and agriculture.
It has six service centers: Grand Rapids, Melvindale and Anderson; Jeffersonville, Indiana; Birmingham, Alabama; and Houston.