Chrysler Group and General Motors (GM) are expected to distribute bonuses to employees this year. Select managers may receive a bonus as high as half of their salary, according to reports.
For a Limited Time receive a
FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with
customized information for your industry, location, and job.
Get Your Report Now! Almost 11,000 salaried workers at Chrysler will receive an average bonus of $10,000, Bloomberg reports.
Around 26,000 white-collar workers at GM could see performance bonuses this year. The automaker also plans to pay its 53,000 U.S. unionized hourly employees profit-sharing checks amounting to $3,000 or more.
Both companies received government-funded bailouts and are subject to pay restrictions for top executives.
GM, Chrysler, and Ford are among the automakers who are currently preparing for contract talks this year with United Auto Workers.
Source:
Bloomberg