Tuesday, February 8, 2011

Bonus Bonanza

It's almost bonus time at G.M.

Christina Rogers of The Detroit News reports:

General Motors Co.'s hourly workers can expect some of the largest profit-sharing checks ever, when the automaker pays bonuses for the money earned in 2010, a top union official said Monday.

United Auto Workers' Vice President Joe Ashton, who oversees the union's labor relations with GM, said the bonuses are likely to top the average $1,775 workers got for 1999, the company's biggest payout to date.

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"I would think so," he said.

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