Skip to comments.50,000 GM Factory Workers to Get $11,750 Profit-Sharing Checks
Posted on 02/06/2018 11:31:33 AM PST by rktman
Approximately 50,000 GM factory workers will each get a profit-sharing check totaling $11,750 later this month, according to company statements as reported in the Detroit Free Press and USA Today.
In addition, about 40,000 union workers at Fiat-Chrysler will get profit-sharing checks of $5,500, as well as $2,000 bonuses. Also, about 54,000 workers at Ford will get profit-sharing checks of $7,500 each.
GM made $12.8 billion in pre-tax profits in 2017, said USA Today. Fiat-Chrysler earned $4.4 billion in pre-tax profits in 2017, and Ford pulled in $8.4 billion in pretax profits.
"The actions we took to further strengthen our core business and advance our visions for personal mobility made 2017 a transformative year," said GM Chairman and CEO Mary Barra. "We will continue executing our plan and reshaping our company to position it for long-term success."
(Excerpt) Read more at cnsnews.com ...
Having lived in Michigan I can tell you there are likely UAW members who are actually complaining today.
$587.5MM in “profit sharing”.
Crumbs from a crummy tax cut. What democrat voter needs what Pelosi sees as pocket change?
Pelosi is the face of the democrat party... that’s her ‘was sucking on a lemon’ look...
Pelosi “Qu’ils mangent de la brioche”
GM just build your factories here. That would be good enough. Stop with the third world crap.
Why don’t they just pay back the billions of dollars we spent bailing them out.
What you are not hearing is the White-Collar Salary bonuses, they are prolly 10 to 15k is my guess for GM if not a lot higher.
“thats her was sucking on a lemon look”
That’s her “Satan lives here and wants out” look.
THAT was my thought....plus...the shareholders who got screwed are probably not pleased
It’s part of the UAW contract. The union workers have been getting profit-sharing for years now.
OMG someone has a cookie not crumbs
Would have preferred GM pay back the American tax payer
lol - most likely, I’m sure they’ll complain the exec’s get more than they do.
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