GM workers' bonuses may top $3,200

[SpartanDem]

Source: Detroit Free Press

General Motors' hourly workers may receive 2010 profit-sharing checks that average more than $3,200, a person familiar with the situation told the Free Press. That would possibly double GM's highest payout from previous years.

The person declined to give details on how much higher the amount could go. Other news media outlets on Tuesday pegged the bonuses at more than $3,000, as GM prepares to post its first annual profit since 2004 in the weeks ahead.

Precedents set by Ford and Chrysler show the figure may be more than the UAW's profit-sharing formula requires -- and could change at the last minute.






Read more: http://www.freep.com/article/20110209/BUSINESS0101/102090396/0/OPINION05/GM-workers-bonuses-may-top-3-200?odyssey=nav%7Chead

[spartan61]

1. Now that is news I like to hear!!

[sofa king]

2. I wonder about that word, "average."

Is it the average of one Vice President getting $600,000, and 200 workers getting a dollar each?

[BenzoDia]

3. A vice president isn't an hourly worker I hope.

[sofa king]

8. I hope not, but I am a cynical person.

[BenzoDia]

9. Heh, me too. I'm generally a little skeptical when I hear about bonuses.

[FailureToCommunicate]

4. Let's review: Did any Republicans vote to save GM, and others, in the US auto

industry bailout?

Thought not.

[Psephos]

6. Screw the pugs, but also, hold back on the hosannahs until the loan is repaid.

Long way to go on that, still.

[forty6]

5. All the auto workers' bonuses combined, equal about one banker's

bonus.

So glad the Republicans were so munch in support of saving the auto industry with tax dollars...NOT!!!!!!!

[Psephos]

7. One banker, or apparently, a couple of GM or Chrysler exec's bonuses

Take a look at this:

GM, Chrysler Salaried Workers' Bonuses Said to Reach 50% of Pay

http://www.bloomberg.com/news/2011-02-10/gm-chrysler-salaried-workers-bonuses-said-to-reach-as-much-as-50-of-pay.html

Your tax dollars at work....

[JNelson6563]

10. Awesome!

That's a nice bit of help for the workers. :toast:

Julie