Ford's hourly UAW employees to get $9,000 in 2016 profit sharing
Dave Bartkowiak Jr., Digital Managing Editor
DEARBORN, Mich. – Ford Motor Company announced Thursday it will pay its eligible UAW-represented employees about $9,000, on average, each this year as part of the company's 2016 profit sharing program.
That means about 56,000 Ford UAW employees should expect that money this year.
From Ford's 2016 full-year and 4th quarter financial results report (view here):
Full-year net income $4.6B, down $2.8B from a year ago due to $3.0B 4Q pre-tax pension re-measurement; full-year total company adjusted pre-tax profit $10.4B, down slightly from a year ago
Full-year earnings per share $1.15, down $0.69 from a year ago; adjusted earnings per share $1.76, down $0.17
Second-best profit sharing payments to more than 56,000 eligible hourly UAW-represented employees; approximately $9,000 for employees on a full-year basis