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Ford Profit Sharing Checks Drop to Average of $6,900

Last year’s payout was a record $8,800.

by on Jan.29, 2015

Ford's hourly workforce will see their profit-sharing checks drop by nearly $2,000 this year.

Ford Motor Co. will continue to face major challenges in the first half of 2015, but the company’s executives expect better results for the full year after a disappointing 2014.

The company’s results fell in line with earlier guidance, but the net income of $3.2 billion for 2014 is down $4 billion from last year. The obvious hit resulting from the lower profits? Profit sharing checks for the company’s more than 50,000 hourly employees in the U.S.

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They are expected to collect an average of $6,900, which is nearly $2,000 less than last year’s record payout of $8,800 to 47,000 workers. That said, it’s an improvement over 2005 through 2008 when no profit sharing checks were issued. (more…)