Ford workers in US and Canada will get bonuses as per a company email sent out Wednesday. The checks will be issued on March 13, with hourly workers receiving $1,000 checks, and salaried employees significantly more, according to pay grade and position in the company. However, merit pay increases for salaried workers only, promised to start April 1, have been pushed back to July 1, with Ford citing a worsening economy as the reason.
The email goes on to explain the bonus represents a doubling of last year’s incentive to hourly workers, who would not have received any bonuses under the profit-sharing plan in the contract with the UAW, as Ford lost $2.7 billion in 2007. Ford CEO Alan Mulally implemented a reward plan last year, from which the bonuses result.
“While we fell short of our market share goals in the Americas and Asia, we fully met or exceeded our objectives in every other category, namely cost performance, quality, automotive cash flow and financial results,” Mulally wrote in the email, published by the Detroit News.
Pushing the salary increases — expected to average 2.7 percent pay increase per eligible employee — back by three months will result in “significant cost-savings” to the company, according to a company spokesperson. Ford last issued merit pay increases in 2006.
Managers outside of North America will receive bonuses as well.
03/06, 9:49 AM
posted by:
mars_Smiley
atleast they are giving them something…1st POST BTW!!
03/06, 10:02 AM
posted by:
roger426
You know ford found out what there problem was…they circled it!…lol
03/06, 10:53 AM
posted by:
RicardoHead
I’d say those bonuses were hard-earned given the corporate results.
Uhhhhhh …. yeah.
03/06, 10:58 AM
posted by:
Buhbye
Toyota has big parties and gives away free cars in KY. You’ll never read about it though. Americans will make this foreign company very, very rich, and thumb their noses at other Americans while driving their Toyota.
03/06, 12:19 PM
posted by:
400horseSS
And every Ford worker shold recieve a 44 mag and sit outside the homes of Mullaly and Big Bill until they make an effort to build much better cars, and please sell my Detroit Lions…………..PLEASE
03/06, 12:25 PM
posted by:
gizmo2
This is very good for the workers, I am sure they deserve it. We don’t have to try so hard to be negative, sometimes we can just say nothing.
03/06, 12:44 PM
posted by:
johnnycanuck
If they’re smart they’d take some of that bonus and buy Ford stock. No, I’m not kidding. When the ship turns around, and it will, they’ll make a hell of a lot more than bank interest in some savings account.
03/06, 7:35 PM
posted by:
jayjc08
So, so horribly stupid of Ford to do. They already have huge compensations and one way tickets to pig indulgence, it’s a little far to say the Unions sucking them dry, but I wouldn’t be surprised to see figures of expense on NAU vs. comparable countries, without unions.
03/06, 11:23 PM
posted by:
jdasch1
Happy employees make great products. Good for Ford and its employees.
03/07, 12:37 AM
posted by:
AxeHead
You guys on the right get a $1,000 bonus, and you guys on the left need to get a new job.
03/09, 12:09 AM
posted by:
Get Real
The assembly workers get money for making mind-boggling boring cars.
The executives and engineers get a FAT bonus for designing and approving mind-boggling boring cars.
Ford kills the spirit of any design school graduate they employ.