A revised profit-sharing program that caps employee payouts while enabling General Motors to pocket increasing amounts of cash actually favors workers, at least short term, industry observers and insiders say. The new profit-sharing formula, contained in the 4-year GM labor contract ratified this week by the United Auto Workers union, rewards eligible hourly workers with $1,000 for every $1 billion of full-year earnings – before interest and taxes – recorded by GM’s ...
Premium Content (PAID Subscription Required)
"Profit-Sharing Cap Fits UAW Well, Experts Say" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.