Schweitzer Workers Acquire Stake

Tue., Aug. 16, 1994

The employees of Schweitzer Engineering Laboratories have acquired 30 percent of the stock in the company through an employee stock ownership plan.

Schweitzer, based in Pullman, manufactures solid state, microprocessor-based relays and relay accessories.

Owners Mary and Edmund O. Schweitzer, III, and the company’s board said in a news release that the plan was made to emphasize involvement of all company employees in the long-term perspective of the firm.

They said the plan “ensures the robustness and longevity” of the company, will share the success and growth of the company with all employees and will encourage “innovation, motivation, creativity and productivity.”

Employee stock ownership plans are essentially retirement programs in which employees sell their stock back to the company when they leave. The value of the stock is based on the profitability of the company.

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

Schweitzer Workers Acquire Stake

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

India says U.S. is ‘reliable’ energy source as it seeks more fuel

Iran to move World Cup base from U.S. to Mexico, soccer federation president says

Suspect dies after trading gunfire with officers near White House, Secret Service says