Ford is readying a new round off bonuses for its entire North American work force, a new report finds. The bonuses are intended to reward both blue and white-collar workers for help Ford with its North American turnaround.
While Ford has yet to make an announcement about the bonuses, the Detroit Free Press says that the plan is only awaiting approval from the automaker’s board of directors.
The Dearborn-based automaker has a history of rewarding its workers even in down years. In 2006, Ford lost $12.6 billion but still paid its hourly workers a bonus of $500.
The latest round of bonuses — which will be offered to Ford’s 23,700 salaried and 64,000 hourly workers in North America — will range between $300 and $800 for hourly workers, and could top $15,000 for some top-level executives.
