Mexican Media Brands
Ford’s UAW Workers Get $7,500 Profit Sharing Payments
Ford Motor Co. says some 54,000 of its hourly workers who belong to the United Auto Workers union each will receive profit-sharing checks averaging about $7,500.
#labor #economics
Share
Ford Motor Co. says some 54,000 of its hourly workers who belong to the United Auto Workers union each will receive profit-sharing checks averaging about $7,500.
Last year UAW workers at the company received $9,000 checks. U.S. hourly workers at General Motor and Fiat Chrysler Automobiles received average profit-sharing payments in 2017 of $12,000 and $5,000, respectively.
Ford’s net profit last year jumped by two-thirds to $7.6 billion. But its operating profit dropped 18% to $8.4 billion.
RELATED CONTENT
-
Brexit Could Cut Global Car Sales by 2.8 Million Units
Great Britain’s decision to leave the European Union will trim global passenger vehicle sales by more than 2.8 million units through the end of next year, market researcher IHS Automotive predicts.
-
Denmark, 10 Other EU Members Urge Piston Ban
Denmark and 10 other member nations of the European Union have urged the region to allow them to end gasoline and diesel engine sales by 2030.
-
GM Offers Buyouts to 18,000 Salaried Workers
General Motors Co. is launching a new round of buyouts for about 18,000 of its 50,000 white-collar employees in North America.