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GM Profit Share for U.S. Hourly Workers: About $11,000 Each
General Motors Co says it will make profit sharing payments of as much as $11,000 to each to its 49,600 hourly employees in the U.S.
#economics #labor
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General Motors Co says it will make profit sharing payments of as much as $11,000 to each to its 49,600 hourly employees in the U.S.
GM’s payout to eligible United Auto Workers union members compares with 2015 payments of $9,300 at Ford and $4,000 at Fiat Chrysler Automobiles.
The profit sharing, which is part of the four-year labor agreements the UAW reached with the three carmakers last autumn, is based on earnings from North American operations before interest and taxes.
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