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Ford hourly workers to receive $7,600 profit-sharing checks

Hundreds of workers at Ford's stamping plant in Woodlawn will receive profit-sharing checks of $7,600.

That is how much Ford's U.S. production workers are getting in profit sharing, based on the automaker's 2018 financial results. The amount was up $100 from a year ago.

Ford has about 900 hourly workers, represented by United Auto Workers Local 897, at the Route 5 plant. The automaker couldn't specify how many of them were eligible for the checks.

But full-time Ford hourly workers are eligible for profit sharing unless they have terminated their employment for a reason other than death, layoff or approved leave, retirement or sale of the operation in which they were employed, said Kelli Felker, a Ford spokeswoman.

The profit-sharing arrangement is included in the UAW's contract with Ford. The agreement calls for Ford to pay hourly workers $1,000 in profit sharing for each $1 billion in Ford's North American profits, before taxes.

Eligible workers will receive their checks on March 14. Workers still need to pay taxes on them.

Hourly workers represented by the UAW at General Motors also receive profit-sharing checks. GM is set to report its fourth quarter and year-end earnings, including the profit-sharing amount, on Feb. 6. GM has two area plants, in Lockport and the Town of Tonawanda.

Last year, GM workers were eligible to receive up to $11,750 in profit-sharing checks.

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