Record financial performance gives Boeing’s SC workers a big payout
Boeing workers in North Charleston will share in an $886 million bonus pool the aerospace giant will carve up across the company this month as part of an annual incentive plan tied to financial performance.
This year’s payout formula, outlined in internal documents, shows non-management, non-union workers are eligible for payouts ranging from 11.6 percent of their annual pay for “exemplary” performance to nothing for work that’s considered “not effective.”
The average bonus works out to 8.3 percent of annual pay. Employees will get their bonuses in their Feb. 21 checks while managers — who are on a different incentive plan — will get theirs in early March.
