Sunday 13 February 2011

GM and Chrysler employees likely to obtain large bonuses (U.S)

According to a report, GM and Chrysler are arranging to reward paid managers with bonuses that could equate to 50% of their basic pay.

On GM’s side, the bonuses would equate to 15% - 20% of a regular employee’s annual pay, whereas around 1% will gain handouts of nearly 50% of their income. Non-managers will be paid 5%.

2011 Chrysler 300
For 10,755 paid employees, their handouts will average $10,000, however, a “small group” will see bonuses mirroring GM’s.

“The union is going to be very angry about this,” Gary Chaison, professor of industrial relations at Clark University in Worcester, Massachusetts said. “If these kinds of bonuses are paid to salaried workers, then the union’s demands will increase, knowing management can’t claim an inability to pay.”

1 comment:

Clark County Traffic School said...

GM need to think about the step they are going to take, as just now we are seeing some recovery after last economic down, so it's better to wait for some time & get back to the "top position" then provide the bonuses to the every work of your organization for their hard work.

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