Employees earn bonuses despite $12.7 billion in company losses — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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Employees earn bonuses despite $12.7 billion in company losses

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Even though Ford Motor Company lost $12.7 billion last year, the Dearborn, MI-based automaker awarded “modest” performance awards in March to more than 115,000 employees.

President and CEO Alan Mulally sent an e-mail to all hourly and salaried employees in the United States and Canada and to executive-level international employees announcing the awards and thanking them for their efforts in reducing costs, closing the quality gap with competitors and restructuring the company.

Hourly employees received $500, while nonmanagement-level, salaried employees received between $300 and $800. Management-level awards were not disclosed.

Though the company did not meet its targets for profit and market share, Mulally wanted to thank the employees for their contributions to the company’s progress, says Marcey Evans, HR public affairs manager for Ford.

Contact: Marcey Evans at (313) 322-9211 or mevans13@ford.com.

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