General Motors Shells Out $200 Million For Cost Of Living Raises To UAW Retirees

General Motor Co. this week spent more than $200 million to pay a lump-sum inflation bonus of up to $700 to its 267,000 hourly retirees and 72,000 surviving spouses.

Ford Motor Co. expects to pay out more than $70 million next week for the same purpose.

Chrysler Group paid $35 million this month to UAW-represented retirees and surviving spouses and another $6 million to hourly retirees represented by other unions, said Chrysler spokeswoman Shawn Morgan.



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uaw_lax - 12/17/2010 12:37:05 PM

-6 Boost

Please provide a working link.

Joe_Limon - 12/17/2010 12:52:54 PM

+7 Boost

try again, it works for me

MBCLS07 - 12/19/2010 2:53:56 AM

+2 Boost

uaw_lax, please provide an intelligent comment.

Larrybel2000 - 12/17/2010 1:42:32 PM

+2 Boost

With the big tax break they can do that.

MBCLS07 - 12/17/2010 7:41:19 PM

+4 Boost

I would love to support American car companies, but I will never buy GM now that the UAW has been handed ownership.

toolatetorace - 12/18/2010 4:38:41 PM

-3 Boost

I look at it this way , these retired auto workers will be spending their retirement pensions on goods and services and being part of their local economy and keeping the money in circulation