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Ford lifts freeze on merit raises for salaried employees

DEARBORN, Mich. — Ford has lifted a freeze on merit raises for salaried employees as the automaker continues to work on its turnaround, according to the Associated Press.

The average white-collar worker will get a 2.7% pay increase in April, The Detroit News reported Saturday. Ford says the increases will be contingent on business conditions, and based on employee performance.

"Our intention to pay them next year is a sign of the progress the company is making," Ford spokeswoman Marcey Evans said. "While we haven't completely turned the corner yet in our turnaround efforts, the progress we have made puts us in a position where it is financially feasible to pay them again."

Ford last gave out merit increases in 2006.

Posted by Peter C. T. Elsworth  at 2:21 PM to Ford | Permalink

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