Mountain of cash: Chinese firm piles high US$9 million in banknotes on a stage at year-end party to shower bonuses on staff
- Crane-making company in Henan province stacks banknotes on stage to a height of two metres as it splashes the year-end bonus cash
- Despite nationwide economic woes and Covid-19 restrictions the firm, which supplies to the mining industry, has racked up record revenues
A company in central China has stirred controversy by piling up a mountain of 61 million yuan (US$9 million) in banknotes on a stage before handing out the cash in year-end bonuses.
According to media reports, a crane manufacturer based in Henan province, posted videos on social media on January 17 showing the stacks of cash piled two metres high at the company’s annual party which went viral.
The three best-performing sales managers from the firm – Henan Mine –received the top award of five million yuan (US$737,000) each, while more than 30 others were awarded at least one million yuan, the Jiemian News reported, quoting an unnamed manager from the company’s public relations department.
“We held a sales year-end meeting on the night of January 17, giving 61 million yuan in total to 40 sales managers,” the person said.
There was also a money counting competition in which members of staff were offered the number of 100-yuan bills they could count within a designated period of time, he said.
The company splashed out an eye-popping 12 million yuan in this competition alone, where the fastest note counter received 157,000 yuan.