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Ford 2015 earnings trigger record profit sharing checks


Pinto'77

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$10,800,000,000.00, even after paying out signing bonus`s, insurance benefits and current retirement benefits.... but, a great number for profit, $10,800,000,000.00.

 

How about this number $149,600,000.000.00 in sales revenue in one year. One thing that is 100% fact about this number (sales revenue) is, every product that was generated for sale by the represented workforce that generated that $10,800,000,000.00 in profit, should be considered a very efficient workforce by the represented workforce's Union, but when sitting at the negotiation table they never considered this fact as the best tool to put on the table during negotiations?

 

Calm down sheep, Rahh Raaahhh IUAW!!!! great job!!!! :spiteful: yes, I want my share deposited, the same as the flock does.

Edited by Decker
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No debate. The key figure for autoworkers is the $9.3 billion pretax profit earned in North America because the profit-sharing formula, negotiated with the United Auto Workers union, awards $1 for each $1 million in North American profit. That makes it $9,300 for eligible employees, before taxes. Ford gave workers a $1,500 prepayment. They will get the remaining $7,800 in mid-March.

Edited by Pinto'77
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No debate. The key figure for autoworkers is the $9.3 billion pretax profit earned in North America because the profit-sharing formula, negotiated with the United Auto Workers union, awards $1 for each $1 million in North American profit. That makes it $9,300 for eligible employees, before taxes. Ford gave workers a $1,500 prepayment. They will get the remaining $7,800 in mid-March.

That's what the news says but that isn't what I was told at contract time when I was asking questions. It was to be an excluded item and wouldn't be removed at the time the checks where paid out.

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Damn media.

Who knows though I was told so much bullshit when they were trying to steer the vote. DTP had union reps telling tales of unicorns, strippers, and all kinds of bullshit to sugarcoat their non sense.

 

I asked earlier if it was 1500 deducted to see if anyone had read about that in the actual language since I can't find an answer one way or the other.

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Who knows though I was told so much bullshit when they were trying to steer the vote. DTP had union reps telling tales of unicorns, strippers, and all kinds of bullshit to sugarcoat their non sense.

 

I asked earlier if it was 1500 deducted to see if anyone had read about that in the actual language since I can't find an answer one way or the other.

Ford's website is reporting a profit of 10.8 billion.

 

https://media.ford.com/content/dam/fordmedia/North%20America/US/2016/01/28/4qfinancials.pdf

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Who knows though I was told so much bullshit when they were trying to steer the vote. DTP had union reps telling tales of unicorns, strippers, and all kinds of bullshit to sugarcoat their non sense.

 

I asked earlier if it was 1500 deducted to see if anyone had read about that in the actual language since I can't find an answer one way or the other.

I guess we will find out soon enough.

Edited by Pinto'77
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10.8 Bil is Ford NA, Europe, Asia, and FMC together from how I read that.

 

The 9.3 is Ford NA which is what matters to us.

 

Edit: The news letter also says checks of 9300 and mentions nothing of reducing that by by 1500.

Edited by caustic
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At contract time most of the media reported that we were getting an $8000 signing bonus making it look like we did so much better than GM. Yippeee for us. When in reality we only did $500 better. Very few reported that $1500 of it was an advance on proffit sharing. They always like to toss in that little extra, so why wouldn't they report the $10,800 up front? They always like to throw out all the raw meat they can for the public to chew on.

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At contract time most of the media reported that we were getting an $8000 signing bonus making it look like we did so much better than GM. Yippeee for us. When in reality we only did $500 better. Very few reported that $1500 of it was an advance on proffit sharing. They always like to toss in that little extra, so why wouldn't they report the $10,800 up front? They always like to throw out all the raw meat they can for the public to chew on.

NYT, DFP, DN, CT all reported it as a bonus and upfront payment on profit sharing.

 

Are you trolling or just speaking from your rectum?

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The media is also stating that this is a record profit sharing for hourly. To avoid being dumped on......I could be wrong....I repeat, I COULD BE WRONG.....but I kinda remember a profit sharing of $10k+ back in '98 or '99. And that was when I was production worker. Anyone else remember that or am I wrong?

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The media is also stating that this is a record profit sharing for hourly. To avoid being dumped on......I could be wrong....I repeat, I COULD BE WRONG.....but I kinda remember a profit sharing of $10k+ back in '98 or '99. And that was when I was production worker. Anyone else remember that or am I wrong?

Well two years ago it was 8800 correct? Which I was told was a record at that time. So if the 1.5 bil that was freed up with the new pension accounting so that isn't actual profit, well not related to vehicles anyway, so that 7800 would be less than the 8800 so how the hell is it a record?

 

Freeing up money from one hand and putting it in the other then screaming it's fresh income seems kind of...Enronish if you ask me.

 

 

Either way I'm still pissed about that stupid pull ahead.

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Well two years ago it was 8800 correct? Which I was told was a record at that time. So if the 1.5 bil that was freed up with the new pension accounting so that isn't actual profit, well not related to vehicles anyway, so that 7800 would be less than the 8800 so how the hell is it a record?

 

Freeing up money from one hand and putting it in the other then screaming it's fresh income seems kind of...Enronish if you ask me.

 

 

Either way I'm still pissed about that stupid pull ahead.

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Stop your winning.

 

I put my $800 in my savings account at 1.4% APR and earned a bundle.

 

I earned enough for a value meal at taco bell plus a 3 ct of those cinnabon things they sell for desert.

 

It was stupid but it amounts to a no interest 4 month loan. If you needed the money for bill s like a few of the 2nd tiers i know it was a little relief.

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Well two years ago it was 8800 correct? Which I was told was a record at that time. So if the 1.5 bil that was freed up with the new pension accounting so that isn't actual profit, well not related to vehicles anyway, so that 7800 would be less than the 8800 so how the hell is it a record?

 

Freeing up money from one hand and putting it in the other then screaming it's fresh income seems kind of...Enronish if you ask me.

 

 

Either way I'm still pissed about that stupid pull ahead.

Pull ahead was done in the 2011 contract as well to get the total to $10,000 and I remember it was popular and we were thankful for the pull ahead. They obviously did the same this time since it was well received and we expected the pull ahead

 

Most of the trades (me included) love the pull ahead since we had our FICA paid off since July and the tax was minimal

 

You must be a new hire and not here in 2011 when the same pull ahead happened.............

 

Never seen so much crying on these forums over cash in our pocket............ no wonder the public hates our good wages, benefits, bonuses, profit sharing, paid vacations and paid holidays

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