General Motors workers represented by the United Auto Workers will receive profit-sharing checks of up to $11,000, based on the automaker’s results for 2015.
The payouts are based on a formula included in the workers’ labor contract. The $11,000 figure is the maximum employees can receive based on their hours worked in 2015; other workers would receive less.
GM said 1,740 workers at its Town of Tonawanda engine plant and 1,035 workers at its Lockport components plant will receive some amount of profit sharing.
Ford Motor Co. said about 52,900 UAW-represented workers will receive profit sharing checks averaging $9,300, though the amounts vary depending on the number of hours worked.
Ford said 918 workers at its Woodlawn stamping plant will receive profit-sharing checks of some amount. The automaker noted there will be deductions including federal income tax of 25 percent, along with Social Security, Medicare, state and local taxes.