Performance Bonuses Coming To GM White-Collar

DETROIT (WWJ/AP) – Twenty-six thousand white-collar General Motors workers will get bonuses of between 4 to 16% of their base salaries this year, but some could get more than 50%.

The bonuses will be based on the performance of the worker and the company.

GM made $4.2 billion in the first three quarters of last year and is expected to post a fourth-quarter profit shortly.

The bonuses come just 19 months after GM needed a $49.5 billion government bailout to make it through bankruptcy protection.

The Associated Press contributed to this story.

Comments

More From CBS Detroit

Hump Day Drinks: 8 Cheery Cocktail RecipesNow that you've made it through half the work week, it's time to celebrate!
Daily J

Watch & Listen