Ford Sales Help Boost Employee Raises
Sales keep rising at the American Automaker, and in turn, Ford employees are being taken care of. Thanks to the long running success of vehicles like Ford Explorer in Snohomish, WA, workers at several production facilities and corporate headquarters are looking at a bright, richer quarter.
According to reports, Ford is adding $3.8 billion to global pensions, and it will raise the annual pay for its 16 directors by 25%.
The company expects global funds to be fully funded the next few years, based on long-term investments and contributions. The US plan for workers was $39.4 billion by…