Please ensure Javascript is enabled for purposes of website accessibility

General Mills Offers Daily Bonuses for 4 Weeks, Lets Office Workers Switch to Manufacturing

By Rhian Hunt - Apr 1, 2020 at 2:38PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The company’s move is intended to help secure a reliable U.S. food supply.

Consumer food giant General Mills (GIS 0.05%) announced today that it plans to pay a daily bonus to manufacturing plant employees working on-site. This bonus will continue to be paid for a minimum of four weeks, and might be extended longer if General Mills decides the situation warrants it. The company plans to give manufacturing workers several other benefits, and is allowing some corporate employees to switch over temporarily to manufacturing on a voluntary basis.

Because of increased food demand as people tried to stock up for the coronavirus pandemic, General Mills' sales spiked by double-digit amounts in early March. With manufacturing plant employees at the leading edge of meeting that demand, the company is providing incentives to stay on the job during a time when putting in a work day at a factory raises risk of COVID-19 contact.

Baked goods on an industrial conveyor belt.

Image source: Getty Images.

Besides the daily bonus, General Mills is offering these workers two weeks of paid leave if they fall ill with coronavirus, get quarantined, or otherwise experience disruptions to their life because of the virus. Flexible work hours and child care consultation are available to employees with children at some locations.

General Mills is also giving its office workers the chance to contribute to food production and earn the manufacturing employee bonuses. Corporate employees who are in good health can opt to temporarily move over to manufacturing.

Commenting on the plan, CEO Jeff Harmening declared, "We see it as imperative that we help ensure a steady and reliable food supply for people and pets." Many food companies have taken steps to boost consumer food production as COVID-19 prompted people to empty supermarket shelves during the outbreak's first weeks.

Rhian Hunt has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

General Mills, Inc. Stock Quote
General Mills, Inc.
GIS
$77.00 (0.05%) $0.04

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
400%
 
S&P 500 Returns
128%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/13/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.