Business Irish

Monday 11 December 2017

Generous bonus payments for Irish workers at engineering firm Mincon

Payments averaging over €8,000 at company whose drills were used in 2010 rescue of Chilean miners

Pictured is Mincon Founder Patrick Purcell as he rings the ISE bell watched by Aileen O'Donoghue, Director of Strategy, ISE and Kevin Barry, CEO Mincon. Picture by Shane O'Neill / Fennells.
Pictured is Mincon Founder Patrick Purcell as he rings the ISE bell watched by Aileen O'Donoghue, Director of Strategy, ISE and Kevin Barry, CEO Mincon. Picture by Shane O'Neill / Fennells.
Mincon equipment was used in the rescue of 33 miners trapped in Chile in 2010

WORKERS at engineering firm are being given a €1.2m payout kitty worth €1,000 per year of service - or an average of €8,000.

The two biggest shareholders in the firm - Paddy Purcell's Kingbell and Kevin Barry's Ballybell - are providing the money to reward 140 workers through the "employee recognition plan."

The rock drilling company, which was involved in the rescue of the Chilean miners in 2010, was founded back in 1977 and is listed on the Dublin and London stock exchanges.

"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," commented Paddy Purcell.

In 2010 the eyes of the world were on the Atacama Desert in Chile where 33 miners became trapped for two months 700 metres underground.

The first contact made with the men before they were eventually lifted to safety came after a 26-inch wide hole was drilled using a drill bit made by Mincon.

 

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