Ford to pay UAW members $6,600 in profit-sharing

Breana Noble
The Detroit News

Dearborn — Ford Motor Co. will pay 53,000 eligible hourly United Auto Workers employees profit-sharing checks of up to $6,600 this year.

The Dearborn automaker, which made $47 million last year, announced profit-sharing as part of its full-year 2019 earnings report Tuesday. Its pre-tax profits in North America — the figure profit-sharing is based on — totaled $6.612 billion.

Workers should see the payments in March, according to the company.

Last year, Ford paid about $7,600 to eligible hourly full-time UAW members on a $7.6 billion North American profit.

“UAW Ford members negotiate profit-sharing in their contracts so that they can share in the success of the company and its profits," Gerald Kariem, UAW vice president and Ford Department director, said in a statement. "Today’s announcement is a testament to UAW Ford members' hard work and the great products that they make.”

General Motors Co. and Fiat Chrysler Automobiles NV will announce their profit-sharing amounts when they report full-year earnings on Wednesday and Thursday respectively.

More: Ford's profits fall nearly 99% for year, due to Explorer woes

Twitter: @BreanaCNoble