Mexican Media Brands
GM Leads Domestic Carmakers in Worker Bonuses for 2015
General Motors Co. is distributing bonus payment for 2016 that average $12,000 to eligible workers in the U.S. who belong to the United Auto Workers union.
#labor
Share
General Motors Co. is distributing bonus payment for 2016 that average $12,000 to eligible workers in the U.S. who belong to the United Auto Workers union.
Last month Ford announced it would distribute bonuses worth about $9,000 to its UAW workers. FCA’s bonuses for 2016 averaged $5,000.
The payments are indexed to pretax profits made in North America under terms of a profit-sharing scheme included in the four-year labor agreements signed in 2015 between the UAW and GM, Ford and FCA.
RELATED CONTENT
-
Grand Jury Indicts Former FCA Executive In Union Payoff Scheme
A former labor relations executive at Fiat Chrysler Automobiles NV has been charged with making more than $2.2 million in illegal payments to himself and a United Auto Workers union official in Detroit.
-
UAW Launches Strike Against GM
As expected, some 48,000 of the United Auto Workers Union members began a strike at midnight Sunday against General Motors Co. facilities in the U.S.
-
Skilled-Trade Workers Reject GM Contract, Ratification in Limbo
The United Auto Workers union says its production workers ratified a new four-year labor contract with General Motors Co. by a 58% margin.