Monday, February 14, 2011

Bonus Time at G.M.

Nick Bunkley of The New York Times reports on record-setting bonuses at G.M.
General Motors said on Monday that it would pay the largest profit-sharing checks in its history to 45,000 hourly workers in the United States.

The checks will be worth “upwards of $4,000,” a G.M. spokeswoman, Sherrie Childers-Arb, said. That is more than double the company’s previous record of $1,775, paid in 2000.

About 3,000 G.M. workers at four plants in New York, Michigan and Indiana that were formerly part of the Delphi Corporation will receive about $3,000 each.

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