Posts tagged performance bonuses
GM profit sharing: Here’s the record amount UAW members will get for 2024
January 28, 2025 // The previous record of up to $12,750 for about 42,300 eligible hourly employees was set in 2023. Last year, GM paid roughly 45,000 workers up to $12,250. United Auto Workers Vice President Mike Booth said in a letter to members the payments would be distributed on Feb. 28. The payouts will amount to $640 million in cost for the company, GM CEO Mary Barra said in a letter to shareholders.