qwertyuiop Posted October 24, 2013 Share Posted October 24, 2013 (edited) I had a feeling we were going to get screwed somewhere in PS for this year... FNA (thru Q3 2013) profit: $7.079 Billion Special Items: $1.257 Billion Net EBIT: $5.822 Billion Thanks to those special items (of which most [~700M] are related to Europe, but we get charged for), we're so far losing $1,257 off of an average check of $7,079. Too bad the reps who thought of this "ingenious" profit sharing program didn't think to exclude the special items of the one money-losing market Ford is still doing business in. Don't think Europe's woes apply to us? Think again. Page 86 of Volume III (SUB/Profit Share agreement) specifically states they exclude special items from FNA EBIT, regardless of market. We still have one quarter to go, but don't look for this year's check to be bigger than last year's - it'll be about the same, if not a little less. Still (depending on 4Q results), expect the per-hour profit share to be about $3.4245/hour. On 2080 hours, this equals about $7,122.96. If you want a quick way to figure your hours (instead of going thru all of your paystubs), go to Labor. They have this information at the ready for everyone and it won't take but 2 minutes for them to pull it up. Edited October 24, 2013 by qwertyuiop Quote Link to comment Share on other sites More sharing options...
Grandmaster B Posted October 24, 2013 Share Posted October 24, 2013 "Special Items" are not figured into your profit sharing. Read the F$&@ing contract before you post your BS! 1 Quote Link to comment Share on other sites More sharing options...
wildosvt Posted October 24, 2013 Share Posted October 24, 2013 "Special Items" are not figured into your profit sharing. Read the F$&@ing contract before you post your BS! I think he is saying that "Special Items" are figured OUT OF our PS. Quote Link to comment Share on other sites More sharing options...
qwertyuiop Posted October 25, 2013 Author Share Posted October 25, 2013 "Special Items" are not figured into your profit sharing. Read the F$&@ing contract before you post your BS! Did you read this part of my post? I had a feeling we were going to get screwed somewhere in PS for this year... FNA (thru Q3 2013) profit: $7.079 Billion Special Items: $1.257 Billion Net EBIT: $5.822 Billion Thanks to those special items (of which most [~700M] are related to Europe, but we get charged for), we're so far losing $1,257 off of an average check of $7,079. Too bad the reps who thought of this "ingenious" profit sharing program didn't think to exclude the special items of the one money-losing market Ford is still doing business in. I am one of the few who actually DOES read the contract. I said we were LOSING money from profit sharing thanks to these special items, not GAINING it. Quote Link to comment Share on other sites More sharing options...
KTP_Sparky Posted October 28, 2013 Share Posted October 28, 2013 (edited) I had a feeling we were going to get screwed somewhere in PS for this year... FNA (thru Q3 2013) profit: $7.079 Billion Special Items: $1.257 Billion Net EBIT: $5.822 Billion Thanks to those special items (of which most [~700M] are related to Europe, but we get charged for), we're so far losing $1,257 off of an average check of $7,079. Too bad the reps who thought of this "ingenious" profit sharing program didn't think to exclude the special items of the one money-losing market Ford is still doing business in. Don't think Europe's woes apply to us? Think again. Page 86 of Volume III (SUB/Profit Share agreement) specifically states they exclude special items from FNA EBIT, regardless of market. We still have one quarter to go, but don't look for this year's check to be bigger than last year's - it'll be about the same, if not a little less. Still (depending on 4Q results), expect the per-hour profit share to be about $3.4245/hour. On 2080 hours, this equals about $7,122.96. If you want a quick way to figure your hours (instead of going thru all of your paystubs), go to Labor. They have this information at the ready for everyone and it won't take but 2 minutes for them to pull it up. Calm down. How do you figure it's all that bad? We are $608M ahead of 2012 through the first 9 months. Tthis year has averaged about +200M per quarter over 2012...if we do that in 4Q, NAAO will make 9.1B+ and that would be avg $9100 vs. $8343 for 2012. 2012 1Q 2.133B 2012 2Q 2.010B 2012 3Q 2.328B 2102 4Q 1.872B 2012 Tot 8.343B 2013 1Q 2.442B 2013 2Q 2.329B 2013 3Q 2.308B Edited October 28, 2013 by KTP_Sparky 2 Quote Link to comment Share on other sites More sharing options...
Long forker DTP FINAL Posted October 29, 2013 Share Posted October 29, 2013 Calm down. How do you figure it's all that bad? We are $608M ahead of 2012 through the first 9 months. Tthis year has averaged about +200M per quarter over 2012...if we do that in 4Q, NAAO will make 9.1B+ and that would be avg $9100 vs. $8343 for 2012. 2012 1Q 2.133B 2012 2Q 2.010B 2012 3Q 2.328B 2102 4Q 1.872B 2012 Tot 8.343B 2013 1Q 2.442B 2013 2Q 2.329B 2013 3Q 2.308B Thank you great post. Quote Link to comment Share on other sites More sharing options...
qwertyuiop Posted October 30, 2013 Author Share Posted October 30, 2013 I'm calm, I'm just a little mad that Europe's problems end up falling on us. But Sparky, you need to remember that "Special Items" are excluded from our PS. So even if FNA does make $9.1B for 2013, a minimum of $1,257 will be taken off of that number as special items (again, regardless of market) are subtracted from our sharing. Quote Link to comment Share on other sites More sharing options...
littlecountry Posted October 30, 2013 Share Posted October 30, 2013 You people need to get a grip, what ever amount is given to you as profit sharing just enjoy it! Never heard anybody complain this much when we received ZERO. 1 Quote Link to comment Share on other sites More sharing options...
fordwindsor Posted October 31, 2013 Share Posted October 31, 2013 What is the hourly first tier rate for hourly production - assembly? Quote Link to comment Share on other sites More sharing options...
Long forker DTP FINAL Posted October 31, 2013 Share Posted October 31, 2013 What is the hourly first tier rate for hourly production - assembly? 28.48 US.DOLLARS Quote Link to comment Share on other sites More sharing options...
littlecountry Posted October 31, 2013 Share Posted October 31, 2013 What is the hourly first tier rate for hourly production - assembly? According to the media we make about $70 plus an hour! They have us confused with the supervisors but it's ok we don't hold there mistake against them Quote Link to comment Share on other sites More sharing options...
lquidspine Posted October 31, 2013 Share Posted October 31, 2013 According to the media we make about $70 plus an hour! They have us confused with the supervisors but it's ok we don't hold there mistake against them The media still uses the old formula, that $70 per hours included all expenses we cost the company per hour. so not only hourly rate but all benefits were included in that number. That number has gone down tremendously with concessions and more and more entry level employees. Back on topic though, I am not to worried about profit sharing this year. There were special items last year as well, maybe not as much but there were re-read 2012's financials. I was rather happy with last years profit sharing as most seemed to be once they got the check, even the ones that bitched about the formula and the 12k cap they still seemed to enjoy the checks they got. Well no one took me up on my offer to spend their money for them if they did not want it, so I assume they were ok with what they got. Quote Link to comment Share on other sites More sharing options...
wildosvt Posted October 31, 2013 Share Posted October 31, 2013 I believe the new number is $56 per hour. Quote Link to comment Share on other sites More sharing options...
fordwindsor Posted November 1, 2013 Share Posted November 1, 2013 Thanks. With your profit sharing payouts included, Canadian and American first tier employees make about the same. Although the cost of living in Canada is said to be 15-20% higher than the US, in real dollars, the Americans make more. Quote Link to comment Share on other sites More sharing options...
littlecountry Posted November 1, 2013 Share Posted November 1, 2013 Thanks. With your profit sharing payouts included, Canadian and American first tier employees make about the same. Although the cost of living in Canada is said to be 15-20% higher than the US, in real dollars, the Americans make more. If it makes you feel better you make more than the plants in Mexico! Quote Link to comment Share on other sites More sharing options...
Long forker DTP FINAL Posted November 1, 2013 Share Posted November 1, 2013 If it makes you feel better you make more than the plants in Mexico! Now that is some funny sh-t. Quote Link to comment Share on other sites More sharing options...
Pinkly Taurus Posted November 1, 2013 Share Posted November 1, 2013 funnier is that they probably do better than Americans or Canadians with their low cost of living Quote Link to comment Share on other sites More sharing options...
hee haw Posted November 1, 2013 Share Posted November 1, 2013 funnier is that they probably do better than Americans or Canadians with their low cost of living Yes but how many of their plants closed? Quote Link to comment Share on other sites More sharing options...
littlecountry Posted November 1, 2013 Share Posted November 1, 2013 Yes but how many of their plants closed? Plants in Mexico don't close they expand, labor cost are too low to close a plant in Mexico! Quote Link to comment Share on other sites More sharing options...
littlecountry Posted November 1, 2013 Share Posted November 1, 2013 Now that is some funny sh-t. He kinda sounded like he was upset that the Americans make more than him. , figured i would cheer him up!! LMFAO!!! Quote Link to comment Share on other sites More sharing options...
fordwindsor Posted November 2, 2013 Share Posted November 2, 2013 No it didn't. Our respective governments should protect its economies and their middle classes by requiring companies to invest/employ where they sell. Ford is the number one auto seller in Canada but has fewer employees than GM, Chrysler, Toyota or Honda. That doesn't make sense. Missing the days of the Autopact!! Quote Link to comment Share on other sites More sharing options...
hee haw Posted November 2, 2013 Share Posted November 2, 2013 No it didn't. Our respective governments should protect its economies and their middle classes by requiring companies to invest/employ where they sell. Ford is the number one auto seller in Canada but has fewer employees than GM, Chrysler, Toyota or Honda. That doesn't make sense. Missing the days of the Autopact!! Amen, Brother. Still have to drive STAP almost daily, born by the Autopact and died by the Autopact. Quote Link to comment Share on other sites More sharing options...
littlecountry Posted November 3, 2013 Share Posted November 3, 2013 No it didn't. Our respective governments should protect its economies and their middle classes by requiring companies to invest/employ where they sell. Ford is the number one auto seller in Canada but has fewer employees than GM, Chrysler, Toyota or Honda. That doesn't make sense. Missing the days of the Autopact!! Yes it does make sense, Ford has better vehicles than the others, look like Canadians know who has the best cars and trucks, it shows in sells! 1 Quote Link to comment Share on other sites More sharing options...
fordwindsor Posted November 4, 2013 Share Posted November 4, 2013 Little country, you can not grasp the concept that I was trying to put forward. The concept of fair and equal trade that would benefit both of our economies and preserve our middle classes. Our current trade deals do not make sense. Quote Link to comment Share on other sites More sharing options...
littlecountry Posted November 4, 2013 Share Posted November 4, 2013 Little country, you can not grasp the concept that I was trying to put forward. The concept of fair and equal trade that would benefit both of our economies and preserve our middle classes. Our current trade deals do not make sense. Talk to Japan, they are not fair. 1 Quote Link to comment Share on other sites More sharing options...
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