GM Bonus Just Ahead!
Just two years removed from bankruptcy, General Motors has rebounded strongly with new designs and new cars, including the new Chevy Volt. It is expected that sharing the auto industry's prosperity will be a focus of future contract talks this year between the United Auto Workers and GM, Ford, and Chrysler.
The 53,000 union workers for General Motors in the U.S. could get record profit-sharing checks of more than $3,000 each, according to sources familiar with the plan. The company hasn't determined the exact amount yet, but the bonus is expected to exceed the previous high payout of $1,775 in 1999.