9/3/2023 0 Comments Hyperterm jobsThe company’s employee stock ownership program, known as an ESOP, was touted in a New York Times business story in 2016. “If the value of the company’s equity continues to grow,” longtime workers can receive handsome payouts when they quit or retire, the Times wrote. flour company, was sold to employees in 2004. King Arthur, which was founded in Boston in 1790 and bills itself as the first U.S. The tag line appears on every bag of King Arthur flour. It’s prominently mentioned on posters and signage at King Arthur’s cafe, retail store and bakery on Route 5 in Norwich. Particularly for a company that goes to extreme lengths to promote itself as “100% employee owned.” The company has been outsourcing some of its warehouse work for almost a decade, it said in a statement. The number of packages “coming out of Vermont” decreased from 100% in 2014 to 21% in 2022. King Arthur is working overtime to give the impression that it’s no big deal. Translation: King Arthur has found companies in other parts of the country willing to do the work for less than it costs to keep jobs that pay $20 an hour or so in the Upper Valley. Their jobs involve putting together, packing and shipping customers’ online orders for everything from 5-pound bags of flour – the company’s staple – to King Arthur T-shirts (yours for only $26.95).įor years, the “pick, pack and ship” jobs have been performed out of a King Arthur warehouse across Route 5 from Dothan Brook School in Wilder.īut King Arthur’s plan now is to outsource the work to “third party logistics partners,” a company spokeswoman told me via email last week. The 19 permanent warehouse workers who are losing their jobs through no fault of their own immediately come to mind. While King Arthur’s management wants the public to believe the company is the greatest thing since sliced bread, I suspect not all of its 370 employees would agree. “We work in an open and safe environment where transparency and communication are valued.” “Our culture is special, and like sourdough, must be nurtured to bring out the best in everyone.” As delectable as the fresh breads and sweets are that come from the ovens at King Arthur Baking in Norwich, the company’s never-ending campaign to aggrandize its work environment is still hard to stomach.Ī few samples from King Arthur’s website:
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