GM hourly workers get $4,000 bonuses
Labor & Employment
General Motors Co. will pay more than $189 million in profit-sharing to 48,000 U.S. hourly workers and millions more in performance bonuses to salaried employees, according to a person briefed on the matter.
The company, less than two years out of bankruptcy protection, will pay most hourly workers more than $4,000 each as compensation for the company's strong financial performance last year, the person said. The payments are more than double the previous record payment of $1,775 in 1999, the height of the boom in sales of sport utility vehicles and pickup trucks.
GM's 28,000 salaried workers, such as engineers and managers, will get 4 to 16 percent of their base pay. Fewer than 1 percent will get 50 percent or more, while another 3 percent will get between 16 and 50 percent, the person said. GM is not giving annual pay raises.
The bonuses rise with the worker's level of responsibility and are based on the performance of the worker and the company, said the person, who asked not to be identified because the figures have not been made public. Workers were notified of the numbers Monday morning, the person said.
The numbers won't be final until GM announces its fourth-quarter and full-year earnings later this month, the person said.
Related listings
-
Dick's settles with former Neb. worker over pay
Labor & Employment 02/03/2011Dick's Sporting Goods Inc. has reached a settlement with a former employee over just payment for her work.Court records show U.S. District Judge Joseph Bataillon dismissed the lawsuit filed by Dannette Stackhouse, citing the settlement. Details were ...
-
Oscar Mayer employees seek pay for equipment time
Labor & Employment 12/14/2010Employees at the Oscar Mayer meat processing plant in Davenport, Iowa have filed a class action lawsuit seeking compensation for time they spend putting on and taking off their safety equipment.The lawsuit claims employees are not paid while they don...
-
Jobless rate rises to 9.8 pct. as job growth slows
Labor & Employment 12/03/2010The nation's unemployment rate climbed to 9.8 percent in November, a seven-month high, as hiring slowed.Employers added only 39,000 jobs last month, a sharp decline from the 172,000 created in October, the Labor Department reported Friday. The weakne...
Is Now the Time to Really Call a Special Education Lawyer?
IDEA, FAPE, CHILD FIND and IEPs: The Individuals with Disabilities Education Act (IDEA) guarantees all children with disabilities to a free appropriate public education (FAPE). FAPE starts with a school’s responsibility to identify that a child has a disability (Child Find) and create an Individualized Education Program (IEP) to suit the needs of the child.
Forte Law Group is one of only a very few law firms within the state of Connecticut that is dedicated to exclusively representing families and children with special needs.
Parents need to be persistent, dedicated and above all else aware of the many services and accommodations that their child is entitled to under the law. As early as this point within your child’s special education, many parents will often find themselves in the situation asking, “is now the time to really call a special education lawyer?” Here are a few things to consider when asking yourself that question.