Ford dangles bonuses to UAW by company performance [Archive] - Ford Inside News Community

: Ford dangles bonuses to UAW by company performance



1931Chevy
10-15-2007, 09:41 PM
http://www.detnews.com/apps/pbcs.dll/article?AID=/20071015/AUTO01/710150368/1148
Ford Motor Co. is proposing annual bonuses for union workers based on the company's performance as part of its effort to win more favorable contract terms from the United Auto Workers, according to a person familiar with the situation.

The bonuses would be similar to those CEO Alan Mulally authorized in March to reward workers for their efforts to turn around the company's struggling U.S. automobile operations. Ford wants to formalize the bonus system so hourly workers are judged by the same criteria as salaried employees.

The new system would replace the current profit-sharing formula, but Ford's workers would still receive the same annual lump-sum payouts that the UAW negotiated with General Motors Corp. and Chrysler LLC.

If the bonuses become part of the Ford contract, it would represent a significant break with terms offered by GM and Chrysler, but Ford will also be demanding more in return.

The Dearborn-based automaker wants more restrictions on its jobs bank program, which continues to provide pay and benefits to idled workers.