GM Workers To Receive Profit-Sharing Bonus with our money

Discussion in 'Current Events' started by Jroc, Feb 9, 2011.

  1. Jroc
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    Jroc יעקב כהן Supporting Member

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    Thats great..GM still owes the federal government billions of dollars. We bailed out the UAW pension plan and now they are a major stock holders in GM the bond holders got screwed, our tax money is not paid back, and the UAW members get bonuses. Obama takes care of his people :clap2:



    DETROIT (WWJ) - It’s yet another sign that General Motors is back in business. There’s word that workers will be getting some of the largest profit sharing checks in the history of the automaker.

    The exact amount is not expected to be known before February 14, but a senior UAW official tells the Detroit News that he anticipates GM bonuses to top the average check of nearly $1,800 received by each worker back in 1999 – and that was GM’s largest payout ever.

    The automaker confirms there will be a profit-sharing payout given their profits through September of $4.2 billion. It’s possible GM could top the bonuses with incentive pay to set the tone going into contract talks this summer.

    Last month, Ford had payouts averaging $5,000 per worker — and Chrysler’s blue collar workers got a performance incentive check for $750 – even though the company did not turn a profit and were not bound by contract to provide any bonus.

    With all three Detroit automakers doling out bonus checks once again, WWJ’s Ron Dewey reports autoworkers are a little more optimistic.

    GM Workers To Receive Profit-Sharing Bonus « CBS Detroit
     
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  2. Political Junky
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    Political Junky Gold Member

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    Much better if it went to the executives, right?
     
  3. Claudette
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    Claudette Gold Member

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    No. Better if it went back to the taxpayers who footed their bills. The UAW can fuck off for all I care.

    I wonder if any of the bond and shareholders who got hosed during the Obama takeover of GM and Chrysler will get any of their money back???
     
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  4. WillowTree
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    WillowTree Diamond Member

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    gotta scratch that union ass. fuck Americans.
     
  5. WillowTree
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    WillowTree Diamond Member

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    Fuck no.
     
  6. Jroc
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    Jroc יעקב כהן Supporting Member

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    Nope.. Better if none of theses idiots got our tax dollars.. None..UAW with 30% ownership of GM gives themselves bonuses? GM has 96,000 employees but they have over a million people on their first class health insurance plan? and they are except from Obama care? Cronyism at its best.
     
  7. rightwinger
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    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Son of a Bitch!

    Why are we wasting bonus money on workers?

    It should go to the executives where it belongs
     
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  8. Mr Clean
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    Mr Clean Gold Member

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    Damn right!

    After all, aren't they the ones who are really suffering by being burdened with all these high labor costs?
     
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  9. BlindBoo
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    BlindBoo Gold Member

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    If there are profit to share then the stockholders will get their share too.
     
  10. Claudette
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    Claudette Gold Member

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    I certainly hope so Boo.
     

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