Ford Motor Co. is paying every U.S. and Canadian employee a $1,000 bonus even
though the automaker lost $2.7 billion last year. In a companywide e-mail to all employees on Wednesday, March 5, CEO Alan
Mulally said that although Ford fell short of its sales goals for 2007, the
automaker “met or exceeded” its objectives in every other category.
The bonus also will be paid to managers outside the U.S. and Canada. Mulally
said the “performance awards” are based on improvements in cost performance,
quality, automotive cash flow and financial results.
“The board of directors believe it is important to reward employees for
delivering significant results and keeping the company on track to become
profitable again by 2009,” Mulally’s e-mail said.
The bonuses will be paid this month.
clipped from www.workforce.com
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