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Royal Caribbean staff receive shares windfall

News
Gary Noakes
25 January 2018

All 66,000 employees of Royal Caribbean Cruises are to receive a share windfall following a record-breaking year.

Royal Caribbean Grease curtain call

RCL will give all staff except corporate officers shares worth 5% of their 2017 salary after the cruise giant achieved a goal of doubling earnings per share and seeing a double-digit return on investment. RCL estimates the equity is worth $80 million in total.

Employees will be able to cash in the shares in three years. They will be given to all shipboard and shore staff, both full and part-time. In addition, RCCL has pledged to upgrade crew living and recreational areas.