GM, UAW agree on profit-sharing in new contractDEEANN DURBINTOM KRISHER
est Amount Ever.]]>The article reports on the plan of General Motors to pay its hourly workers in the U.S. at least 3,000 U.S. dollars each in profit-sharing payouts, after the company's return to profitability in 2010.Wall Street Journal - Eastern Edition...
we were looking at getting to variable profit low 200,000 range. We're obviously continuing to do the work that we need to do on the lower volumes, and we see that. I mean to the extent that we see volumes going lower, we obviously have to adjust to that, ...
Workers can earn more through overtime or profit-sharing, which limits the companies’ payout to workers in lean years. Dziczekestimated labour costsper employee, including all remuneration, statutory costs and retiree benefits, at $66 per hour. Ford made an offer on Tuesday that included a “...
GM and Stellantis, the parent company of Chrysler, Dodge, and Jeep, have rejected the union's proposals for job security, reduced-use of temporary workers and profit-sharing, which is why the union's expanded strike targets their facilities, Fain said. Those plants will remain on strike until...
With Ford, the UAW made progress with profit sharing, the right to strike over plant closures, income security, the immediate conversion of all temporary employees and more. "Ford is showing they are serious about reaching a deal at Ford and GM, it's a different sto...
Top-scale assembly plant workers make about $32 per hour, plus large annual profit-sharing checks. Ford said average annual pay including overtime and bonuses was $78,000 last year. The Ford plant that’s on strike employs about 3,300 workers, and it makes Bronco SUVs and Ra...
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In reporting the news, the company also issued operating-profit guidance for 2024 that far exceeded expectations. GM has trimmed costs and beefed up its buyback program. Still, investors are skeptical of Barra’s agenda: The stock is up about 3% in the past five years, compared with an ...
Okay, great. Thank you. And then just a longer term one and this is more so on ICE versus EV profitability, I’m sure you’ll give a little more at the Investor Day. But you’re reducing your investment on ICE programs, ICE demand is actually — and profit is quite strong. So if...