facebook
twitter
rss
account
search
search
 

UAW expects record bonus from GM

Feb. 8, 2011 at 11:36 AM   |   Comments

| License Photo
DETROIT, Feb. 8 (UPI) -- United Auto Workers Vice President Joe Ashton said he expected U.S. automaker General Motors to pay a record bonus to union workers this year.

"I would think so," Ashton said, referring to the possibility that GM would produce bonus checks that beat their top average of $1,775, The Detroit News reported Tuesday.

GM, which earned a profit of $4.2 billion in the first three quarters of the year, is expected to report its bonus pay figures to UAW leaders in the middle of the month.

"We don't have the exact numbers yet." However, Ashton said, it "will be one of the bigger ones, I'm sure."

"If people going into (this summer's contract) negotiations got substantial bonuses, they would feel good going into them," he added.

Hourly workers at Chrysler were awarded a $750 bonus this year. Ford Motor Co. said it would pay an average bonus of $5,000 to its blue-collar staff.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
2
Scrap South Stream, Europe says Scrap South Stream, Europe says
3
Eni makes major oil find in Ecuador Eni makes major oil find in Ecuador
4
EBRD: Sanctions hurting Russia EBRD: Sanctions hurting Russia
5
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
Trending News
Video
x
Feedback