Ford’s workers will share in its record profits.
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Profit-sharing payments will total at least $370 million, or an average check of more than $2,100 per eligible employee. Ford earned nearly $3.3 billion in 1986, surpassing industry leader General Motors in earnings for the first time since 1924. Ford said it believed that the 1986 profit-sharing payout per employee will be the largest by any major U.S. corporation under a union-negotiated profit-sharing plan.
