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GM hourly workers to receive up to $10,750 in profit sharing

Hourly workers at General Motors are eligible for profit-sharing checks of up to $10,750, based on the automaker's 2018 pre-tax North American profits.

More than 46,500 eligible workers, represented by the United Auto Workers, will receive the payments in their Feb. 22 checks, the automaker said Wednesday.

The profit-sharing plan is part of the labor contract between the UAW and GM. Since 2010, certain eligible hourly GM workers have earned more than $80,500 in profit-sharing payments.

GM's Lockport and Tonawanda plants combined have more than 2,500 hourly workers. It wasn't immediately known how many of them were eligible for the profit-sharing payments.

GM hourly workers in 2018 received profit sharing payments of up to $11,750.

 

 

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