Sunday, February 13, 2011

GM and Chrysler employees likely to obtain large bonuses (U.S)

According to a report, GM and Chrysler are arranging to reward paid managers with bonuses that could equate to 50% of their basic pay.

On GM�s side, the bonuses would equate to 15% - 20% of a regular employee�s annual pay, whereas around 1% will gain handouts of nearly 50% of their income. Non-managers will be paid 5%.

2011 Chrysler 300
For 10,755 paid employees, their handouts will average $10,000, however, a �small group� will see bonuses mirroring GM�s.

�The union is going to be very angry about this,� Gary Chaison, professor of industrial relations at Clark University in Worcester, Massachusetts said. �If these kinds of bonuses are paid to salaried workers, then the union�s demands will increase, knowing management can�t claim an inability to pay.�

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