Great news from Ford this week: according to a letter that was shared by the Detroit Free Press the financial outlook from the iconic American carmaker has improved enough that the company is reinstating merit-based raises and bonuses for salaried employees for the first time since 2008.
The letter outlines a plan to give 2.7 percent pay increases to roughly 20,000 white collar Ford employees, effective April 1. As well, those employees will be receiving bonus checks. These workers received bonuses last year, as well, but not pay raises, while in 2010 the opposite occurred, and they received merit raises, but no bonuses. In 2009, neither raises nor bonuses were given out.
The UAW workers will likely receive another profit-sharing check from Ford this March.