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Ford slashes manager stock bonuses to cut costs, boost performance

About half of Ford Motor Co.'s middle managers will not receive stock bonuses this year due to a performance-based rationale, according to six sources familiar with the matter.
Ford is facing inefficiencies in both its electric and fuel-powered vehicle divisions, as CEO Jim Farley has stated that the company is undergoing a transformation to become leaner and more competitive in a challenging market.
Ford's stock has dropped about 23% over the past year, while rival General Motors' shares have risen around 23%.
A Ford spokesperson emphasized that the reduction in bonuses aims to encourage a high-performance culture that rewards employee contributions.

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Fortune

Ford is cutting stock bonuses for half of middle managers—the company says it's in the name of ‘driving a high-performance culture’

CEOs are pulling out all the stops to boost productivity—ditching remote work, setting up AI war rooms, and now, tightening the purse strings on bonuses.

2 days ago·New York, United States

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Detroit Free Press

Ford cuts stock middle manager stock bonuses; bosses told to pick who gets them

The cut by Ford, described as "driving a high-performance culture" are seen by others as a cost-cutting move.

3 days ago·Detroit, United States

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Bloomberg

Ford Cuts Bonuses for Half of Middle Managers

Ford Motor Co. is eliminating stock award bonuses for about half of its middle managers in an effort to boost performance as the automaker confronts declining profits and high costs.

3 days ago·United States

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Investing.com

Exclusive-Ford slashes manager stock bonuses to cut costs, boost performance

Ford slashes manager stock bonuses to cut costs, boost performance

About half the middle managers at Ford Motor will not get stock bonuses this year in what is seen internally as CEO Jim Farley's latest attempt to cut the automaker's bloated costs, according to six people familiar with the matter.

3 days ago·United Kingdom

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Sky News: The Latest News from the World

Ford slashes manager stock bonuses to cut costs, boost performance – Sky News: The Latest News from the World

About half the middle managers at Ford Motor will not get stock bonuses this year in what is seen internally as CEO Jim Farley’s latest attempt to cut the automaker’s bloated costs, according to six people familiar with the matter. The stock awards are usually paid in March, but senior managers have been told to […]

3 days ago

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