Another Large Staffing Company Becomes an ESOP Company

A second large staffing company has become almost 100% ESOP-owned. Burnett Staffing has almost 7,100 employees. The Houston-based company decided to become an ESOP after hearing about Penmac Staffing in Springfield, Mo., which has about 14,000 employees. Although both companies hire temporary employees, the plans are set up so that most of the employees will be in the ESOPs.