Detroit Free Press: GM workers to get bonuses of $4000.

[muntrv]

GM says it'll pay hourly workers bonuses topping $4,000
By Chrissie Thompson
Detroit Free Press Business Writer
General Motors said it expects to pay its 45,000
U.S. hourly workers more than $4,000 each as a share of the company’s first annual profit since 2004.

The average payout more than doubles the $1,775 record amount GM distributed after 1999.


Another 3,000 hourly workers from former Delphi parts plants controlled by GM will receive more than $3,000 each, GM said today.


The post-bankruptcy company plans to join Chrysler and Ford in awarding 2010 bonuses to both hourly and salaried workers, as the automakers start to reap rewards of years of restructuring.

Ford, which made a profit of $6.6 billion in 2010, already said it is paying $5,000 to its UAW-represented workers. Chrysler is giving an average of $750 to hourly workers, despite its net loss of $652 million in 2010.



http://www.freep.com/article/20110214/BUSINESS0101/110214013/GM-says-ll-pay-hourly-workers-bonuses-topping-4-000?odyssey=tab|

[howaboutme]

1. It is good

that rank and file Americans that make real tangible products receive bonuses too.....just like the $1M bonuses given by US taxpayers to the AIG and Goldman banksters for corrupting our system..

[bluestateguy]

2. I wonder what way Republicans will dream up to take it away

They only want bankers and corporate executives to get bonuses.

[Raine]

3. NICE!!! It's really good to see that people

who actually do the work get rewarded for it. :applause:

[iamtechus]

4. Peanuts.

$4000/12=$333 per month. That's peanuts for a union worker. They cut the workers' pay in half and then throw them a bone at the end of the year. That's an insult!