Better Profits For General Motors Employees

General Motors Employees Get Better Profit-Sharing Checks In New Contract

Gm Uaw

By The Associated Press   09/17/11 05:55 PM ET   AP

— GM CONTRACT: General Motors Co.’s 48,500 workers will get $5,000 signing bonuses and the possibility of sweeter profit-sharing checks as part of a new four-year contract agreement. The deal also includes pay raises for entry-level workers and guarantees new products at plants in Spring Hill, Tenn.; Romulus and Warren, Mich.; and Wentzville, Mo.

BACK STORY: This is the first contract agreement since GM’s bankruptcy in 2009. GM and the United Auto Workers reached the agreement after nearly seven weeks of bargaining.

WHAT’S NEXT: GM workers vote on the agreement over the next 10 days. The UAW now bargains with Chrysler and Ford.

(Colleen McNicholas)


About internalmarket

This blog and its accompanying Twitter account have been established as social media learning tools for the Internal Communications and Employee Engagement class at Columbia College Chicago. Through this blog, we will share our observations about current events, change management and employee communications theory, and the application of social media in shaping employee engagement.
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