GM Says UAW Workers Bonuses Can Be As High As $9000

General Motors earned $1.1 billion in the fourth-quarter, a 21% improvement from a year earlier, and its UAW workers will receive profit-sharing of up to $9,000 based on the company's full-year pre-tax profit in North America of $6.6 billion.

The $9,000 payment is not an average, but the maximum the company's 48,400 hourly UAW workers who logged 1,850 hours during 2014 will receive. The payments, which are scheduled to be made Feb. 27, are higher than last year's maximum of $7,500, and the most since GM and the UAW negotiated to share a portion of the company's domestic profit

610looper - 2/4/2015 11:37:26 PM

+1 Boost

Fantastic news...I wonder how much bonus monies the shareholders, management, ceo, cfo, vp, etc made..