Monday, January 23, 2012

Ford to pay bonuses and raises, GM and Chrysler decline to do same

Ford to pay bonuses and raises, GM and Chrysler decline to do same

Ford has announced that it will give both bonuses and merit-based raises to the company's salaried workers in the United States and Canada for the first time since 2008, according to Reuters. On average, the manufacturer will offer a 2.7 percent salary increase based on individual performance. The company stopped offering the bonuses after the financial crisis of 2009 sent automotive sales into a plunge. Ford paid neither bonuses nor merit raises that year, but offered merit raises in 2010.

Autoblog, Ford to pay bonuses and raises, GM and Chrysler decline to do same

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