Why Chobani Yogurt’s Factory In Twin Falls Is A Very Happy Place Today
Chobani is not just a popular yogurt brand in stores, but also an Idaho business with a factory in Twin Falls. Yesterday, they announced they've made some employees millionaires.
Chobani is giving employees ownership stakes in the company, directly out of company founder Hamdi Ulukaya's personal stake. A Turkish immigrant, he founded the comapny in 2005. Chobani's New York facility received the news yesterday and employees at the Twin Falls location are expected to be given their portions tomorrow.
Financial experts assume the company is worth more than $3 billion dollars which would mean the average employee would make $150,000 for their shares if the company was sold. The amount of shares was based on tenure so employees who have been on staff the longest could receive more than $1 million.
For more on the story, check out MagicValley.com's coverage HERE.