Ford restores profit sharing with UAW - Dodge Nitro Forum
Off-Topic Discussion If you have something to discuss that is not related to the Dodge Nitro, post it in here. Keep it work safe!

 
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 01-28-2010, 12:37 PM Thread Starter
Super Moderator
 
rickaren's Avatar
 
Join Date: Nov 2006
Location: Indiana
Posts: 22,856
Garage
Ford restores profit sharing with UAW

Ford posts $2.7 billion profit for 2009; restores profit sharing with UAW

Posted on Thursday, January 28th, 2010 at 2:11 PM EST.(Employee News)

Ford Motor Co. said it made $2.7 billion in 2009, its first full-year profit since 2005, The Detroit News reported.

The automaker also said it will remain profitable in 2010, putting it well ahead of its stated goal of restoring profitability by 2011, the paper said. Ford’s profit was a sharp contrast to the record $14.6 billion loss the company reported a year ago. Before taxes and excluding special items, the automaker’s operating profit was $454 million, the News said.

Under a profit-sharing agreement with the United Auto Workers, it will pay each of its 43,000 eligible U.S. hourly workers approximately $450, the paper said. U.S. salaried workers will not be getting bonuses, but the automaker previously announced it was restoring merit pay increases and 401(k) matches that had been suspended, the story said. (The Detroit News)

Rick

Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is offline  
Sponsored Links
Advertisement
 
Reply

  Dodge Nitro Forum > Off-Topic Area > Off-Topic Discussion

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Thread Thread Starter Forum Replies Last Post
Ford shares soar after surprise profit rickaren Chrysler/Dodge/Jeep News 0 11-02-2009 11:41 AM
Ford: UAW wants new jobs rickaren Chrysler/Dodge/Jeep News 0 10-13-2009 09:27 AM
Ford: UAW pact changes rickaren Chrysler/Dodge/Jeep News 0 10-02-2009 03:11 PM
GM restores non-bargaining unit salaries rickaren Chrysler/Dodge/Jeep News 0 09-14-2009 09:59 AM
Chrysler and Mercedes still plan on sharing rickaren Chrysler/Dodge/Jeep News 0 07-11-2007 03:52 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome