Friday, February 11, 2011

GM and Chrysler Will Pay Bonuses to White-Collar Workers

Less than two years after they exited bankruptcy, Chrysler Group and General Motors (GM) will soon distribute bonus payments to salaried employees in recognition of their efforts to help revive the once-flagging Detroit automakers.

About 26,000 white-collar workers at General Motors will see performance bonuses of 4% to 16% of their base salaries, the company said late Thursday, but a small group could see payments that are equal to as much as 50%....more

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