Reported 3 days ago
Ford Motor Company has decided to eliminate stock bonuses for approximately 1,650 middle managers this year, as part of CEO Jim Farley’s initiative to reduce costs and improve operational efficiency. This move, affecting half of the middle management team, is seen as a performance incentive and comes amid the automaker's ongoing struggle to compete with rivals like General Motors and Tesla. While the company aims to retain top talent through its performance-based compensation system, this decision has prompted concerns among employees regarding their job security.
Source: YAHOO