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View Diary: Chrysler workers getting profit-sharing checks. WWMS (What would Mitt say)? (32 comments)

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  •  At GM (0+ / 0-)

    COLA is still in the contract but there is supposedly an addendum that suspends it indefinitely (perhaps until contract is up). I will just have to disclose I only know about what goes on in Local 602.

    They get performance bonuses which is like $250 every quarter and the profit sharing which is $1,000 for every $1 billion the company makes (not sure if it's profit or revenue) annually.

    As long the company makes more than $3 billion and they're not jackholes about the 'performance bonuses' then yeah the workers can make "more" than if they only had COLA.

    Why hello there reality, how are you doing?

    by Future Gazer on Wed Jan 30, 2013 at 04:40:01 PM PST

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