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  1. #1
    Senior Member JohnDoe2's Avatar
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    General Motors Is Said to Offer Its Workers Bonuses

    General Motors Is Said to Offer Its Workers Bonuses

    By BILL VLASIC and NICK BUNKLEY
    Published: September 17, 2011

    DETROIT — The United Auto Workers union won $5,000 signing bonuses for its workers and a promise to re-open an assembly plant in Tennessee as part of its tentative new contract with General Motors, according to people briefed on the negotiations.

    In what is being viewed as a landmark deal, the union also preserved health care and pensions and improved profit-sharing for its 48,000 members who work at G.M.

    The U.A.W.’s tentative, four-year agreement with G.M., announced late Friday, also opens the door for the automaker to bring back laid-off workers and move jobs back into the United States.

    G.M. is the first of Detroit’s Big Three to reach a deal with the union. Details of the agreement were being withheld until the union can inform members, who will vote on ratification over the next two weeks.

    The union’s president, Bob King, said in a statement that union members would get a larger share of the profits from G.M.’s comeback from its federal bailout and bankruptcy in 2009.

    “When G.M. was struggling, our members shared in the sacrifice,
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  2. #2
    Super Moderator Newmexican's Avatar
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    DETROIT — The United Auto Workers union won $5,000 signing bonuses for its workers and a promise to re-open an assembly plant in Tennessee as part of its tentative new contract with General Motors, according to people briefed on the negotiations.


    GM is losing money, GM has not paid the tax payer's money back and the $5,000.00 "signing bonuses" are nothing but BS.

    In this economy, with so many people looking for a job, a signing bonus is not necessary to find workers. Nothing but a payoff for votes.
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  3. #3
    Senior Member JohnDoe2's Avatar
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    GM pays back government loans from US, Canada

    www.cleveland.com
    Apr 21, 2010 – GM pays back government loans from US, Canada ... LLC, saying the government's unpopular rescue of Detroit's automakers is paying off. ...

    http://www.cleveland.com/business/index ... n_kan.html
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  4. #4
    Super Moderator Newmexican's Avatar
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    They still owe money. They did not pay back ALL of the money that they "borrowed" .


    General Motors Hands Out $400 Million in Worker BonusesPosted on February 14, 2011
    by
    DETROIT (AP/The Blaze) — Less than two years after entering bankruptcy, General Motors will extend millions of dollars in bonuses to most of its 48,000 UAW hourly workers as a reward for the company’s rapid turnaround after it was rescued by taxpayers.

    The payments, disclosed Monday in company documents, are similar to bonuses announced last week for white-collar employees. The bonuses to 76,000 American workers will probably total more than $400 million – an amount that suggests executives have increasing confidence in the automaker’s comeback.

    In the four years leading up to its 2009 bankruptcy, GM piled up more than $80 billion in losses and was burdened by enormous debt and costly labor contracts.

    “On the whole, we made tremendous progress last year,
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