ABBEVILLE, Ala.--(BUSINESS WIRE)--Great Southern Wood Preserving, Incorporated, has begun an active and ongoing process to increase employee benefits by reinvesting its tax savings in its people, the company has announced. The company expects full implementation to take place in 2018.
In late 2017, Congress passed and the President signed into law legislation providing significant tax breaks for corporations. Across America, many companies have chosen a variety of options for applying these savings, such as providing one-time bonuses to employees, increasing charitable giving and reinvesting in facilities upgrades.
For its part, Great Southern Wood will make investments on an ongoing basis to lower healthcare costs for eligible employees, allow employees to accrue more paid time off based on length of service, develop scholarships for dependents of employees and enhance other benefits going forward.
“I’m very pleased that every employee across the company will see the results of the change in tax laws,” said Jimmy Rane, Great Southern Wood’s founder, president and CEO. “The success we’ve enjoyed as a company comes from every one of us working hard and doing our part, and I can’t think of a better way to apply our tax savings than by further investing in benefits programs for our employees. We strive to be an employer that draws the best and brightest to our company, and we believe that providing stronger benefits is essential to this continuing effort.”
Great Southern employs almost 1,200 at locations in eleven states.
About Great Southern Wood Preserving, Incorporated: Great Southern Wood was founded in 1970 in Abbeville, Alabama. In recent years, the company has become known as the industry’s leading producer of pressure treated lumber products for D-I-Y retail home centers, pro dealers and other retail building and industrial-related segments. Perhaps best known for its YellaWood® brand products, the company also distributes a wide variety of building products. In addition to a plant in Abbeville, other company facilities are located in Columbus, TX; Buckner, MO; Glenwood, AR; Conyers, GA; Jesup, GA; Muscle Shoals, AL; Mobile, AL; Brookhaven, MS; Mansura, LA; Fombell, PA; Rocky Mount, VA; Hagerstown, MD; and Sumter County, FL. For additional information about Great Southern Wood, please visit www.yellawood.com.