Report: GM to pay hourly workers $3,000 in bonuses

Report: GM to pay hourly workers $3,000 in bonuses

Report: GM to pay hourly workers $3,000 in bonuses

Print
Email
|

The Associated Press

Posted on February 8, 2011 at 11:56 PM

DETROIT (AP) -- A newspaper is reporting that hourly workers at General Motors Co. could get $3,000 or more in profit-sharing this year, their biggest checks ever.

The Detroit company, just a year and a half out of bankruptcy protection, made $4.2 billion in the first three quarters of this year and is expected to post a fourth-quarter profit in the coming weeks.

GM is scheduled to tell the United Auto Workers union next week how much each of its 45,000 hourly workers will get, The Wall Street Journal reported, citing people familiar with the plan that it did not identify.

GM spokeswoman Kimberly Carpenter told The Associated Press on Tuesday that the profit sharing figure has not been finalized. Messages were left with a UAW spokeswoman.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Print
Email
|