Ford Motor Co.’s 52,900 hourly UAW workers will receive record profit-sharing checks totaling $9,300 this March, although the Dearborn automaker has already paid out $1,500 of that.
The Dearborn automaker on Thursday reported a full-year North American pre-tax profit of $9.3 billion. Its profit sharing formula, unchanged as part of a new four-year pact with the union, rewards workers with $1 for every million dollars of North American profits.
The previous Ford profit sharing record was $8,800, passed out two years ago.
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