45,800 Ford workers to get record $8,300 profit-sharing checks

Posted in the Minneapolis Forum

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Minneapolis, MN

#1 Jan 29, 2013
45,800 Ford workers to get record $8,300 profit-sharing checks

January 29, 2013 at 5:00 pm
By Karl Henkel
The Detroit News

Ford Motor Co.'s record North American profit in 2012 will have a ripple effect on auto communities across the country and especially here in Southeast Michigan.

Roughly 45,800 hourly United Auto Workers members who work at Ford plants in the United States will receive record profit-sharing checks of $8,300 on average in March.

"The expected increase in profit-sharing checks for autoworkers this March is good news for Michigan's economy," said Robert Dye, chief economist at Comerica Bank. "It will help to buffer households from the drag of higher payroll taxes," which increased 2 percent for all working Americans on Jan. 1.

On average, the $8,300 profit-sharing check will have an economic impact of $20,750 per worker, when factoring a multiplying ripple effect, said David Sowerby, portfolio manager for Loomis Sayles in Bloomfield Hills.

Read more: http://www.detroitnews.com/article/20130129/A...
Amused Slew

Seattle, WA

#2 Jan 29, 2013
This is how American business/unions SHOULD WORK !!!

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