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 
DETROIT (WWJ) - Its yet another sign that General Motors is back in business. Theres 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 GMs largest payout ever.
The automaker confirms there will be a profit-sharing payout given their profits through September of $4.2 billion. Its 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 Chryslers 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, WWJs Ron Dewey reports autoworkers are a little more optimistic.
GM Workers To Receive Profit-Sharing Bonus « CBS Detroit
DETROIT (WWJ) - Its yet another sign that General Motors is back in business. Theres 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 GMs largest payout ever.
The automaker confirms there will be a profit-sharing payout given their profits through September of $4.2 billion. Its 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 Chryslers 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, WWJs Ron Dewey reports autoworkers are a little more optimistic.
GM Workers To Receive Profit-Sharing Bonus « CBS Detroit
