GM UAW Workers To Get $11,000 Profit Sharing Bonus For Job Well Done

General Motors Co.’s 49,600 hourly United Auto Workers members will receive profit-sharing checks of up to $11,000, to be paid out to eligible employees Feb. 26.

The Detroit automaker on Wednesday reported a full-year North American pre-tax profit of $11 billion. Its profit-sharing formula, unchanged as part of a new four-year pact with the union, rewards workers with $1 for every million dollars of North American profits.

skytop - 2/4/2016 10:18:36 AM

+1 Boost

Means nothing to the socialist greedy unions. Grantee they will have a knife at the throat of management at the next contract talks.

Sciros - 2/4/2016 4:22:08 PM

+1 Boost

Often find that those quick to rail about "greedy unions" are themselves very, very greedy and don't like to admit it.

MDarringer - 2/4/2016 10:45:55 PM

+1 Boost

I often find people who are quick to rail on people who rail on greedy unions to be fascist socialists. Go Bernie!

MorePower - 2/5/2016 7:22:22 PM

0 Boost

I find that people who rail against unions have no idea of the history of labor in their or any country.

Often, these people that rail against unions do not know the beneficial effect that a union, even one outside of his/her type/area of employment, has one the entirety of labor as a whole.

Sciros - 2/4/2016 4:21:21 PM

0 Boost

Glad to see that they're profiting and that they are passing that on to their employees (though $1 for every million isn't that much honestly).