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The Pub For General Automotive Related Talk |
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#1 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Central Q..10kms west of Rocky...
Posts: 8,307
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After posting a record pre-tax profit of $8.8 billion in North America for 2013, the strongest in more than a decade, Ford announced plans to share some of the rewards with its U.S. employees.
The Blue Oval said it would pay an average of $8,800 (approximately €6,450 at today's exchange rates) to about 47,000 eligible U.S. hourly workers on March 13, 2014. That's $500 more than last year’s record payment of $8,300. Ford noted that individual profit sharing payments might be higher or lower based on employee compensated hours. The bonus payments are part a deal signed between the United Auto Workers (UAW) union and Ford in 2011, under which, employees forgo any substantial annual wage increases for lump-sum payments and profit sharing. General Motors and Chrysler LLC, which agreed to similar labor contracts after their bankruptcy procedures, are also expected to announce profit-sharing checks for their hourly employees in the coming days and weeks. http://www.carscoops.com/2014/01/for...rs-record.html __________________
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#2 | ||
Peter Car
Join Date: Dec 2004
Location: geelong
Posts: 23,145
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Yearly bonuses are quite common in the US aren't they?
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#3 | ||
FG XR6T trayback
Join Date: Jan 2007
Location: N-W NSW
Posts: 1,308
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Maybe something to think about here, in Oz.
After all, if the company doesn't make money, and goes broke, you don't have a job. Think Holden, Ford AU, Toyota AU, and possibly Qantas. |
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#4 | |||
Banned
Join Date: Sep 2005
Location: Ipswich QLD
Posts: 4,697
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#5 | ||
Isn't it obvious?
![]() Join Date: Nov 2009
Location: in a world of idiots
Posts: 5,383
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id give up an annual pay rise for a yearly bonus % from total company profits at my place of work in a flash....
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08 Strike G6E T. 10 Ergo G6E Sept 75 XB Falcon in mushroom beige, 3 on the tree 200cid for sale, offers in the teens |
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#6 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 1,451
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I know what you are getting at, but it ceases to actually be a bonus if its used effectively as part of your annual base wage/salary as you forfeit any other means of a pay increase. The two should remain separate for a reason. A bonus implies it is above and beyond what you might normally expect.
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#7 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Victoria
Posts: 1,224
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The average wages in the US are crap though. They'd still make SFA even with the bonus.
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#9 | |||
FF.Com.Au Hardcore
Join Date: Jan 2010
Posts: 11,277
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Quote:
are on roughly half the rare of existing personnel with very litle chance of increasing to that amount.. |
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#10 | ||
The One Who Knocks
Join Date: Feb 2012
Location: Kalgoorlie
Posts: 1,196
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Compared to our wage yes but they have a much lower cost of living. Everythings cheaper in the states. We have high wages but retardedly high prices for everything to go along with it.
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#11 | ||
Regular Member
Join Date: Apr 2012
Posts: 201
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gee.. they give them a golden handshake but literally **** on us. nice one ford. its Allan mulally's fault, power tripping ceo's these days. did he manage to give himself a huge gift?
a la wage increase. |
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#12 | ||
BOSS 5.4L Enthusiast
Join Date: Aug 2005
Posts: 21,904
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They are selling large numbers of cars, with improving quality and happier customers good to see Ford rewarding their workers from the ground up.
This has zero reference to Australia's closing of operations although i can hear the moaning already. |
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#13 | |||
Render unto Caesar
Join Date: Feb 2008
Location: ::1
Posts: 4,221
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Quote:
Their sales are up..ours down. They're making profit...we aren't. They're market perception is improving as is quality...ours isn't. Our contribution to FoMoCo = negative
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"Aliens might be surprised to learn that in a cosmos with limitless starlight, humans kill for energy sources buried in sand." - Neil deGrasse Tyson |
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#14 | |||
Regular Member
Join Date: Apr 2012
Posts: 201
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people sometimes forget that they are an actual company. and they are in it to make a profit. if that profit isn't there they go broke or relocated. or in our case they close up local manufacturing and import. I remember a few years ago hearing people complaining about large cars and how they aren't needed, fuel consumption blah blah blah so what do people do! they go and buy a SUV ![]() even the young girl across the street is learning to drive in a huge landcruiser. ![]() |
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#15 | ||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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The quality had to improve it couldn't get any worse....its still ordinary.
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#16 | ||
The One Who Knocks
Join Date: Feb 2012
Location: Kalgoorlie
Posts: 1,196
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I knew this would be brought up, but there's a huge difference. Ford US are making record profits, Ford Aus are haemorrhaging money. You run a business to make money not lose money.
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#17 | |||
Render unto Caesar
Join Date: Feb 2008
Location: ::1
Posts: 4,221
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Quote:
You can't be paid a bonus for not achieving much. Just turning up to work doesn't automatically make you eligible for a pay rise.
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"Aliens might be surprised to learn that in a cosmos with limitless starlight, humans kill for energy sources buried in sand." - Neil deGrasse Tyson |
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#18 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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Quote:
The only reason they didn't look like a bunch of morons during the GFC was because they were in so much crap two years before...otherwise they would have had their hand out like the other two.
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Daniel |
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#19 | |||
Render unto Caesar
Join Date: Feb 2008
Location: ::1
Posts: 4,221
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Quote:
BUT in the current state they have done a massive turnaround and brought the company into a much healthier state; a range of world class vehicles that continue to sell well and introduce new technologies in each model revision. Personally, I hope to see this continue well into the future and see Ford expand more into motorsports.
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"Aliens might be surprised to learn that in a cosmos with limitless starlight, humans kill for energy sources buried in sand." - Neil deGrasse Tyson |
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#20 | |||
Starter Motor
Join Date: Sep 2013
Posts: 19
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Quote:
it's all relative |
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