Associated Press
SEATTLE — Despite heavy losses in the aerospace industry caused by the Sept. 11 attacks, Boeing Co. plans to give bonuses to more than 80,000 employees for their work in 2001.
The secretaries, specialists and other nonunion employees earned bonuses worth nine extra days of pay, the company announced in its weekly newspaper Boeing News.
In calculating the bonuses, executives decided not to count Boeing’s one-time costs stemming from the terrorist attacks. Not including those costs, which totaled hundreds of millions of dollars, the company earned $722 million during the fourth quarter.
The board of directors’ compensation committee approved the payments last week. Employees will get the checks in mid-February.
Workers who qualified for bonuses but who were laid off will still be paid, although the amount will be prorated to reflect time spent at the company, said Boeing spokesman Ken Mercer. Boeing has said it could cut up to 30,000 jobs by the middle of this year.
The 2-year-old bonus program does not cover senior executives or employees represented by unions, as both groups are covered under different incentive programs.
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