Photo: Ford
Ford recently announced they thousands of temporary layoffs in Europe, as the market there is drying up in the middle of a deepening recession. But the US market has seen an improved outlook and the Blue Oval has just announced a move that should put a smile on employees’ faces.
For the first time since 2008, Ford will give about 20,000 blue collars a 2.7 percent pay increase starting April 1st, according to a letter obtained by Detroit Free Press. These workers will also get access o pay bonuses.
We don’t know what sort of earnings Ford had in 2011, but CEO Alan Mulally did reveal they will be greater than the $8.3 billion earned in 2010. In march 2011, workers received $5,000 in bonuses for the company’s results in 2010.
We don’t know what sort of earnings Ford had in 2011, but CEO Alan Mulally did reveal they will be greater than the $8.3 billion earned in 2010. In march 2011, workers received $5,000 in bonuses for the company’s results in 2010.
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