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Ford’s UAW workers: $5,000 bonus?
01/13/2011
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UAW workers could be headed for some pretty good profit-sharing checks this year. Ford’s UAW workers could get a $5,000 bonus. GM, Ford and Chrysler are keenly interested in going with profit sharing, instead of baking on higher wages and benefits and more vacation time, which is exactly what got them into trouble in the past. With profit sharing, everyone benefits when times are good and allows companies to hold their breakeven costs down if there is a downturn in the market. The automakers want the hourly workers to earn their bonus the same as salary workers. It will also be based on sales, market share and quality. Ward’s reports that the Detroit Three want to pay the profit-sharing bonus in stock instead of in cash.
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SOURCE
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
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