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]