Friday, January 20, 2012

Ford Offers Some Workers First Raise in 4 Years

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tdp2664 InvestorPlace For the first time in four years, Ford (NYSE: F ) will be offering raises to management and sales staff. White collar workers at the automaker will also be eligible for bonuses, too, for the first time since the recession wiped out vehicle sales at Ford, General Motors (NYSE: GM ), Toyota (NYSE: TM ), Honda (NYSE: HMC ) … and well, just about every other car company in the world. But don’t think Ford Motor Co. is killing itself to find the cash. The nation’s No. 2 automaker is expected to post strong 2011 earnings next week, and turned a cool $6.6 billion in profits across 2010. The company allowed profit sharing in 2010, but this is the first boost to base wages since the Great Recession. The average pay raise will be about 2.7%, according to reports . A Ford spokeswoman told CNNMoney that it’s a sliding scale, based on start dates and merit. So… what about the guys and gals who grind it out in the plants, making Ford F-150s and rolling Ford Fusions off the assembly lines? Don’t cry for them too much. Members of the United Auto Workers union that does the lion’s share of Ford manufacturing got a new labor pact last fall. It included a $6,000 signing bonus as well as



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