General Motors Co. said Tuesday nearly 52,000 UAW workers will receive record profit sharing checks of up to $12,000.
Payments could cost the automaker $624 million and are slated to arrive Feb. 24. Last year, GM-UAW members received $11,000 in profit sharing checks.
Profit sharing amounts are based on GM’s North America pre-tax profit, which set a record last year at $12.05 billion. GM-UAW hourly workers receive $1 for every $1 million earned.
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