BlueLinx awards $3 million bonus to employees
BlueLinx Holdings Inc. announced that it has awarded its eligible hourly and salaried employees with a year-end cash and/or equity bonus valued at almost $3 million dollars.
“The board of directors, senior management and I recognize that employees are the most important aspect in building stronger companies and we are capping off 2021 with a $3 million investment in our employees to recognize their collective efforts, contributions and resiliency,” said Dwight Gibson, President and CEO of BlueLinx.
According to Gibson, the incentive includes a cash bonus, 10 shares of BlueLinx common stock or both for every eligible employee, “from an hourly material handler in Miami, to a driver in Denver, to an administrative assistant and accounts payable specialist in Atlanta,”
“This award demonstrates our commitment to cultivating an elite employee workforce and a performance-based, people-first culture,” Gibson said.
Gibson added that BlueLinx employees have capitalized on strong demand in the housing market while navigating supply constraints and historic volatility in lumber pricing.”
“And they’ve done so in the backdrop of the ongoing global pandemic. I could not be prouder of our BlueLinx team and the success we’ve accomplished in 2021 thus far,” Gibson said.
BlueLinx’s top executive also noted that it’s important for company team members to think and act like owners. “With this mindset, I truly believe we can all share in the benefits of future value creation.”
Gibson became CEO of BlueLinx this past June and replaced the retiring Mitch Lewis.
In November, BlueLinx reported third quarter sales increased 11% to $971 million.
Based in Marietta, Ga., BlueLinx serves 40 states and distributes a comprehensive range of building products to over 15,000 national, regional, and local dealers, specialty distributors, national home centers, and manufactured housing customers.
