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Ford To Increase Profit-sharing To UAW Members

February 8, 2024 by Mable Cundiff


United Auto Workers members working at Ford plants will receive larger profit-sharing checks this year despite the 2023 auto strike.

Ford announced Tuesday that hourly employees will receive an average of $10,416, which is an increase from $9,176 a year ago. Profit-sharing is negotiated by the union as part of its collective bargaining agreement with each of the Detroit Three automakers.

U.S. hourly employees will receive the checks. Temporary workers are eligible for profit-sharing for the first time.

In Louisville, about 12,000 Ford workers at the Kentucky Truck Plant and Louisville Assembly Plant are eligible. Workers should begin seeing checks in mid-March.

The amount workers receive is based on the number of hours worked.
Source: WHAS11

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