After a three-year wait, more than 20,000 salaried Ford workers are in line to collect bonus pay again – along with a return of merit pay increases.
Though Ford officials caution the maker must hit a number of targets before the money lands in the hands of its employees, even the prospect of bonuses comes as good news for a company that has faced some serious economic challenges in recent years. But it also underscores the apparent success Ford is having, even as its crosstown rivals struggle after last year’s bankruptcies.
The exact size of the payout is unclear, and will likely vary from worker to worker. In 2007, bonuses ran as high as $15,000.