Report: GM’s hourly workers could receive the biggest bonuses ever

Article by Christian Andrei, on February 8, 2011

GM’s hourly workers have now a very good reason to be happy as the American manufacturer will pay bonuses for the money earned in 2010. United Auto Workers' Vice President Joe Ashton said that GM’s bonuses for 2010 will likely top the average $1,775, the company’s biggest payout received by workers back in 1999.

Although the manufacturer didn’t release the exact figures, Ashton said that the union’s leadership will know the exact amount around February 14, when GM is required to report a figure to its top officials.

Still, the good news is that the payout is expected to be one of the biggest. GM could top off the bonuses with incentive pay not required by the contract, but Ashton didn’t say if this has been decided.

"We've had conversations with GM, and I'm sure GM is looking at any opportunity to reward their workers," he said.

Regarding the other manufacturers, Ford’s payouts averaged $5,000 per worker while Chrysler workers received an average of $750 each as a performance award. [via detnews]

Topics: gm

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Now that Lamborghini is set to bring a “more aggressive” Aventador, it only makes sense that it will be given a name. Seeing how it goes, perhaps we won’t be...
by - December 6, 2016
The recently concluded 2016 Los Angeles Auto Show has just showcased the new generation Mazda CX-5. And with it comes a rendered version for an MPS variant. Let us see...
by - December 6, 2016
Nikola Motor’s hydrogen-powered semi-trailer truck is highly appealing with its many advancements but don’t expect it to arrive in the near future. In November 2016, Toyota announced the possibility of...
by - December 5, 2016
Usually, it is up to resourceful spy photographers to take clear pictures of vehicle prototypes, especially those that have aroused a lot of interest. The same is true for Project...
by - December 5, 2016
The much-anticipated debut of the new Wrangler will surely happen. As it approaches, we’ve gathered all the latest information released so far. Of course, most are expecting that the next...
by - December 5, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries