Mincon staff to share €1.2m bonanza

Employees of Shannon-based engineering equipment maker Mincon are set to be awarded around €1,000 per year of service as part of a €1.2m employee recognition payment plan.

The one-off bonus scheme will benefit approximately 140 employees, excluding senior management, and will be distributed from the private funds of Mincon’s two largest shareholders (prior to the firm’s recent flotation) CEO Kevin Barry and founder Paddy Purcell as a demonstration of appreciation to staff.

“It is a testament to the hard work and dedication of the Mincon Group employees that it has grown from its origins in Shannon into the international business it is today, with operations in Europe, Africa, the Americas and Australasia and with its securities quoted on the ESM and AIM,” said Mr Purcell who, with his wife, Mary, founded the business in 1977.