GM Doles Out Biggest Profit-Sharing Checks Ever

The company's 45K hourly workers to get around $4K each
By Kevin Spak,  Newser Staff
Posted Feb 14, 2011 1:45 PM CST
A line worker checks vehicles at the General Motors Hamtramck assembly plant in Hamtramck, Mich., Tuesday, Nov. 30, 2010.   (AP Photo/Paul Sancya)

(Newser) – General Motors will hand out profit-sharing checks totaling $189 million this year, or more than $4,000 per worker, the company announced today. That more than doubles the automaker’s previous record of $1,775, set in 2000, according to the New York Times. The payout will be less than the $5,000 Ford’s workers are getting, but the Ford figure includes a bonus, while the GM figure is “strictly what it would have generated under the agreement” it has with the UAW, a spokesman said. As one worker said, “Just the fact that we’re seeing a profit-sharing check, that’s great stuff.” (Read more General Motors stories.)

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