Ford salaried workers to get pay raises, bonuses as company gains confidence in turnaround
Ford will give pay raises and bonuses to around 20,000 salaried employees. Workers will get 2.7% pay raises on April 1, and bonuses will be based on performance. Ford says that the raises will help keep Ford competitive with other companies. Ford has been profitable in the last three quarters, and the raises are seen as a sign of confidence in their recovery.
See "Ford salaried workers to get pay raises, bonuses as company gains confidence in turnaround", The Associated Press, The Washington Post, January 18, 2012