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  • Friday, April 19, 2024

Report: Boeing Gives Non-Execs 20% More in 2011 Bonuses

Boeing (NYSE: BA) is giving nonexecutive white-collar employees a 20 percent increase in their 2011 bonuses, the Seattle Times reports.

Starting Feb. 16, the company will pay $605.1 million to 109, 993 employees, or nearly $5, 500 per worker.

The announcement comes after the company released its financial results on Jan. 25, reporting a $4 billion profit in fiscal year 2011.

Boeing also reported $865 million in earnings for the company’s defense, space and security unit.

Boeing CEO Jim McNerney said the company’s major businesses and functions performed well against annual benchmarks and merited the increased bonus, according to the Seattle Times.

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