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Fibrebond employees receive major payouts following Eaton acquisition
Fibrebond workers received $240 million in bonuses after the company’s $1.
After the $1.7 billion sale of Fibrebond to Eaton, company leadership directed that $240 million from the deal be distributed as bonuses to employees. The payout covered roughly 540 full-time workers, including those without equity ownership. Bonuses were structured to be paid over multiple years and linked to tenure, following completion of the manufacturing company’s acquisition.