50,000 GM Factory Workers to Get $11,750 Profit-Sharing Checks

cnsnews.com ^ | 2/6/2018 | Michael W. Chapman

[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."

[rktman]

Entire piece posted. So san fran nan, piffle? Bread crumbs still? Won't make a difference in their lives? Come on nan say it.

[Red Badger]

[Dilbert San Diego]

Mere crumbs.....

[CptnObvious]

Pathetic Pelosi Says.

LOLARMAOOTF

[Buckeye McFrog]

Having lived in Michigan I can tell you there are likely UAW members who are actually complaining today.

[MortMan]

$587.5MM in “profit sharing”.

Wow.

[Architect of Avalon]

Good trend.

[Pollster1]

Crumbs from a crummy tax cut. What democrat voter needs what Pelosi sees as pocket change?

[GOPJ]

Pelosi is the face of the democrat party... that’s her ‘was sucking on a lemon’ look...

[Rodm]

Pelosi “Qu’ils mangent de la brioche”

[central_va]

GM just build your factories here. That would be good enough. Stop with the third world crap.

[shelterguy]

Why don’t they just pay back the billions of dollars we spent bailing them out.

[taildragger]

You have to remember, this profit sharing has been in place for sometime, and the $7,500 number for Ford ( Hourly ) employees has been more the norm. The GM-er's here got a good year no doubt about fueled by the policies of PDJT.

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.

[MayflowerMadam]

“that’s her ‘was sucking on a lemon’ look”

That’s her “Satan lives here and wants out” look.

[colorado tanker]

[goodnesswins]

THAT was my thought....plus...the shareholders who got screwed are probably not pleased

[DoodleDawg]

It’s part of the UAW contract. The union workers have been getting profit-sharing for years now.

[hoosiermama]

OMG someone has a cookie not crumbs

[Nifster]

Would have preferred GM pay back the American tax payer

[fuzzylogic]

lol - most likely, I’m sure they’ll complain the exec’s get more than they do.