UAW tells members to expect profit pay

Dec. 22, 2012 at 12:34 PM   |   0 comments

DETROIT, Dec. 22 (UPI) -- Hourly workers at U.S. automakers Ford Motor Co. and General Motors Co. can expect sizable profit sharing pay for 2012, the United Auto Workers said.

The union has told its members GM workers can expect a profit sharing check for $7,000, while Ford employees can expect $8,000, The Wall Street Journal reported Saturday.

The profit sharing check for GM workers matches their 2011 pay based on profits. For Ford workers, 2012 will be a step up from 2011, when hourly workers earned $6,200 in profit sharing compensation.

North American automobile sales have risen 14 percent in 2012 over 2011, industry analysts at Edmunds.com said.

New car sales are expected to reach 14.5 million in 2012 and demand is keeping up despite rising prices, the newspaper said.

Topics: Ford Motor
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