Ford Motor Co. will pay profit-sharing bonuses of up to $9,176 to hourly autoworkers in the U.S. for 2022, the automaker said Thursday.
The Dearborn automaker employs about 56,000 hourly workers in the U.S. Profit-sharing checks to eligible workers will be distributed in early March.
Under the automaker's contract with the United Auto Workers, the payouts are based on pretax earnings the company earned in North America for the previous calendar year. For every $1 billion in adjusted earnings before interest and taxes, eligible UAW members at Ford plants and other facilities receive $1,000. In North America, Ford deliver pre-tax profit of $9.2 billion in 2022.
