Ford Doubles Annual Bonuses for Some Salaried Workers

Ford has doubled the annual bonuses for some of its salaried workers while the company’s CEO will be taking a reduced amount following backlash over its current payout formula, the company confirmed to The Detroit Press.  The automaker originally announced on Feb. 7 that its annual bonus formula would be based on a 54 percent payout for lower-level salaried workers and their supervisors, based on results in North America. Meanwhile, the company said that senior managers, regional directors, global directors, executive directors, and vice presidents would receive a 135 percent payout, based on global results. But the announcement faced backlash from some employees who were reportedly unhappy that Ford had chosen to give high-level salaried workers a higher bonus than lower-level ones, as well as the fact that the automaker’s scheme focused on global performance. Multiple workers expressed their disappointment and concerns about the decision regarding the bonus scheme directly to CEO …

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