GM, Chrysler salaried workers to get bonuses

[The Straight Story]

GM, Chrysler salaried workers to get bonuses


DETROIT – Most of the 26,000 white-collar workers at General Motors Co. will get performance bonuses of 4 to 16 percent of their base salaries this year, but payments to a small number could be 50 percent or more, the company confirmed late Thursday.

Chrysler Group LLC also will give bonuses to white-collar workers, with payments expected on Friday. Both companies needed government bailouts in 2008 and 2009 to stay in business and make it through bankruptcy protection.

GM said in a statement that the bonuses would be based on each employee's performance as well as the company's. The statement did not say how much on average each worker would get. Messages were left by The Associated Press for a company spokeswoman late Thursday.

Chrysler spokesman Gualberto Ranieri would not comment on the matter. Bloomberg News reported Thursday that the bonuses would average $10,000 for 10,755 salaried workers, but some who aren't covered by government pay restrictions could get up to half their salary.

http://news.yahoo.com/s/ap/20110211/ap_on_bi_ge/us_gm_bonuses

[Shagbark Hickory]

1. Not surprised. White collars to get wealthier off the backs of blue collars