New-York tribune., 1919-12-31

Bonus Given to
Ford w orkers
New Protit-Sharing Enter
prise To Be Announced
To-day; 100000 En-
ployees to Share in Gift
Special Correspondence

Special Correspondence
DETROIT. Dee. 30.-Henry Ford and
his son, Edse Ford president of the
Ford Motor Company, tomorrow will
announce plan whereby between
SS,00O,000 and SlO,OOO,O0O will be dis
bursed IN bonus money along with an
opportunity for every Ford worker to
purchase Ford investment certificates.
These certificates are TO be issued in
denominations of $lOO, $500 and $1,000,
and the employees will receive inter
est based on the yearly earnings of
the Ford Motor Company.
This will affect approximately 10000
Ford workers throughout the United
States. There are $4,000 workers in
the mammoth Highland Park plant,
$4,000 at the River Rouge blast fur
naces, 5000 at the Ford body plant,
1000 at the Ford tractor plant, and
1900 in the various branches scat
tered throughout the country En-
ployees in the plants of foreign coun-
tries are excluded in this plan.
Distribution of Bonuses
The cash bonus OF practically S1O,-
COO 600 viii be payable beginning Jan
uary !. This IS based en- the daily in
come and length Of continuous service
With the company before October /,
1871 The following is The scale in
accordance with which bonuses will be
distributed to employees on daily
wage and on salaries OF less than $3.50
Il month";
a six dollar man gets bonus of $3.50;
$3.50, $3.50; SS, $500: $40, s210; So 80,
$3.50; $500. $3.50; $3.50. S24O; $40, $3.50;
5000, $3.50; S10.S0, $40.
Men hired prior to October I. 1915,
range from the $6 day man who re-
ceived $3.50 bonus, to the $lO.SO man
who received $3.50. The Intervening
scales are figured on the same basis
as the two above.
Men hired prior to October /, 1915:
S110 20 S23O.
.oA Men hired prior to October l, 1917:
Men hired prior to October /, 1918:
Men hired prior to October /, 1919:
500 to $40. -
Bonus May Be Repeated
The distribution of profits with
wages will continue as in the past, in
stCCOIuduCe Will piaIl III erect since
January -. 1914. In addition to this
it is the intention of the company to
continue the annual bonus if in the
judgment of the directors, the earn
lngs permit.
The rate Of pay on which a bonus is
based will in all cases be the rate
which an employee is receiving De-
cember 81, 1919.
In case an employee has returned to
the company after having been out of
the service for a period of time the
length of service will be reckoned from
the date Of his return, except in case
OF employees who have been in govern
ment service or absent for reasons be-
yond their control.
The company further announces the
institution OF Ford investment certiii-
Gates, in which employees desiring to
share further in the prosperity OF the
company may invest q portion of tnei,
income. Certificates are to be issued
in the names OF employees only. in
denominations of s1O0, $500 and 81 900
and are non-negotiable and non-assign-
, able. Only persons in actual and ac-
tive service of the company will be
permitted to buy or hold them. These
certificates will bear guaranteed in
terest at the rate of per cent pei
annum, and in addition to this fur.
ther payments will be made semi-an.
nually as the earnings of the company
permit at a rate to be fixed by the di.
! rectors : the company.