Ford work­ers to get profit shar­ing checks

Post-Tribune - - Post-Tribune Local - BY CAR­RIE NAPOLEON Spe­cial to the Tri­bune

About 50,000 of Ford’s el­i­gi­ble U.S. hourly em­ploy­ees are set to re­ceive profit-shar­ing checks in March of about $6,900 each.

The pay­ments are based on the Ford North Amer­ica’s pre­tax prof­its of $6.9 bil­lion in 2014 and were made pos­si­ble through the UAW-Ford col­lec­tive bar­gain­ing agree­ment. Checks for work­ers in­clud­ing those at the Chicago Stamp­ing Plant and Chicago As­sem­bly Plant are ex­pected to be is­sued March 12.

The au­tomaker an­nounced the pay­ment Thurs­day in a state­ment when it re­leased its an­nual re­port, Kris­tini Adamski, Ford’s man­u­fac­tur­ing and la­bor com­mu­ni­ca­tions manager, said.

“What we have seen over the past few years is the high­est profit shar­ing in the com­pany since 1999,”Adamski said, adding work­ers have ac­cu­mu­lated about $30,000 in profit shar­ing pay­ments since 2011.

Adamski said at this time the com­pany is of­fer­ing a higher profit-shar­ing for­mula than other do­mes­tic au­tomak­ers in­clud­ing GM and Chrysler.

Ford be­gan its profit shar­ing pro­gram in 1983. The for­mula for cal­cu­lat­ing the 2014 pay­ment was ne­go­ti­ated in the 2011 con­tract be­tween the union and the au­tomaker. The cur­rent con­tract is set to ex­pire Sept. 15. Ne­go­ti­a­tions on a new deal are ex­pected to begin in July.

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