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Ford pay hikes, bonuses set for white-collar jobs
DEARBORN, Mich. — Ford Motor Co. is showing confidence in its turnaround and the economy by giving pay hikes and bonuses to 20,000 white-collar workers, mainly in the United States and Canada.
Workers got letters from President of the Americas Mark Fields last week saying they’ll get 2.7 percent base-pay increases on April 1. They’ll also get bonuses this year based on their individual performances, spokesman Marcey Evans said.
Ford made $6.6 billion in the first three quarters of last year.
Salaried workers didn’t get pay raises last year, but many were granted performance bonuses. They got only merit pay in 2010 and no raises or bonuses were given in 2009, Ms. Evans said.
The raises are necessary to keep Ford’s pay competitive with other Fortune 100 firms, she said.
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