Another surprise for GM employees, as profit share numbers come in even higher
Mon, 28 Feb 2011 18:07:15 GMT —
General Motors hourly employees are receiving a bigger bonus than they thought.
The company notified workers Monday morning that their final profit sharing check would amount to $4,790. This total is over $1700 more than was originally estimated.
The full profit share total will be seen on hourly employees' March 25th paycheck. However, it is considered taxable income.
The profit comes as a shock to many, as the previously ailing automaker makes a come-back from bankruptcy. The Detroit based company says 2010 wasthe most profitable year since 2004, earning a total of $4.7 billion.
GM says profits are thanks to a returning U.S. and global auto market.
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