Less than two years after entering bankruptcy, General Motors will extend millions of dollars in bonuses to most of its 48,000 hourly workers as a reward for the company's rapid turnaround after it was rescued by the government.
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.
Monday, February 14, 2011
GM to pay $400 million in taxpayer funded bonuses to union employees
Good to see my tax money being paid out to a government owned company and the union workers who helped kill it off in the first place.