US EditionFord 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.
8 Articles
8 Articles
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.
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.
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 […]
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