$8,800 bonus for Ford hourly workers

By Kevin Davis on Wednesday, January 29th, 2014

Some 47,000 Ford Motor hourly workers in the United States will receive bonus checks totaling more than $413 million in March based on the automaker's performance in the North American market last year, reports The Detroit News.

The per-worker payout of $8,800 tops last year's record of $8,300.

Ford earned a pre-tax profit of $8.8 billion in North America in 2013, led by strong sales of its highly profitable F-Series pickups, its Fusion midsize sedan and its Escape compact crossover.

Based on automakers' anticipated earnings for the year, industry analysts believe more than $800 million in profit-sharing checks will go out to about 130,000 workers.

Source: The Detroit News