29 January, 2011

Ford made $6.6 billion in 2010, workers get $5,000 profit-sharing checks

Detroit Free Press


Ford, in reporting its biggest profit in more than a decade Friday, disappointed Wall Street but pleased UAW workers with bonuses averaging $5,000.

The profit-sharing bonus was two-thirds larger than the amount Ford was required to pay under its contract, said UAW President Bob King.

"What's really important for our members to know is they didn't have to do this," King told the Free Press.

With about 20,000 Ford hourly workers living in Michigan, the checks, due in March, will help lift the state's economy.

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