A bonus for GM workers
General Motors Co. will pay bonuses of at least $4,000 each to its factory workers, the largest bonuses the automaker has ever paid its blue-collar employees, CNNMoney.com reported. Before this, the biggest bonus GM paid its union employees was $1,775 in 1999. GM is also paying bonuses to its non-union white-collar employees. In some cases, those bonuses could be as much as 50 percent of a worker’s salary, but most will range from 4 percent to 16 percent of base pay. GM received a $50 billion federal bailout in 2009 under a plan that included giving the government a 61 percent stake in the company.
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