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50,000 GM Factory Workers to Get $11,750 Profit-Sharing Checks

Michael W. Chapman
By Michael W. Chapman | February 6, 2018 | 12:47 PM EST

(Screenshot: YouTube)

Approximately 50,000 GM factory workers will each get a profit-sharing check totaling $11,750 later this month, according to company statements as reported in the Detroit Free Press and USA Today

In addition, about 40,000 union workers at Fiat-Chrysler will get profit-sharing checks of $5,500, as well as $2,000 bonuses. Also, about 54,000 workers at Ford will get profit-sharing checks of $7,500 each.

GM made $12.8 billion in pre-tax profits in 2017, said USA Today. Fiat-Chrysler earned $4.4 billion in pre-tax profits in 2017, and Ford pulled in $8.4 billion in pretax profits. 

 

"The actions we took to further strengthen our core business and advance our visions for personal mobility made 2017 a transformative year," said GM Chairman and CEO Mary Barra. "We will continue executing our plan and reshaping our company to position it for long-term success." 

 

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Michael W. Chapman
Michael W. Chapman
Michael W. Chapman