FORD WORKERS TAKEN "BEHIND THE SCENES "
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EMPLOYEES of the Ford Motor Co., Ltd., have been told by the chairman and directors exactly how the company stands financially and how the profits are shared between workers and investors. The statement is contained in the May issue of "Ford Works News."
The duties of management—" the, essential link between capital and labour "—are outlined, and the company's aims are clearly set out.
"4s both capital and labour are essential elements of an industrial enterprise, it is necessary that each should receive, first of all, a just financial recognition of the share each contributes to the success of the enter
prise," the directors explain. "Labour is justly entitled, as a minimum, to a proper wage: capital, as a minimum, to a dividend which is fair, having regard to the risk involved, Then, after having met these minimum requirements, both capital and labour are entitled to a further reward."
The workers are shown that they occupy a preferential position in relation to capital and that since 1928, the average gross dividend paid to shareholders has not exceeded 5.53 per cent. From 1939-1946 the company provided £1.878,927 for benefit schemes for employees, whereas during that period only £1,215,000 was distributed to investors by way of dividends above the reasonable minimum of 5 per cent.