Retailers Brace As GM UAW Workers Prepare For $12K Bonus Payout

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.

LexSucks - 2/8/2017 3:50:55 PM

+2 Boost

Good for them!!!

qwertyfla - 2/11/2017 8:45:10 AM

+1 Boost

And sadly the vast majority of workers will still complain how they are being shafted by the man and how they deserve much more. 2008 taught us nothing. The mafia (union) is still out of control with the big 3 and the Union states will be hard pressed to be cost competitive against the big Taco (Mexico) or other 3rd world shit holes...Full automation manufacturing can't come fast enough.