USA: GM and DaimlerChrysler restore profit sharing – report
General Motors and the Chrysler Group of DaimlerChrysler will be again distributing profit-sharing cheques to United Auto Workers employees, the Detroit Free Press reported on Thursday.
General Motors and the Chrysler Group of DaimlerChrysler will be again distributing profit-sharing cheques to United Auto Workers employees, the Detroit Free Press reported on Thursday.
GM said yesterday that 130,000 UAW would receive cheques of a little over $US900 and the company is also expected to issue some form of profit-sharing to its 49,000 white-collar workers.
The approximately 65,700 UAW workers at Chrysler will receive between $500 and $1,000 but Ford will likely not issue profit-sharing cheques to its employees, the newspaper said. Last year, none of the Big Three car makers shared profits with workers.
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