Big 3 autoworker bonuses may grow

[Bruce Nunnally]

Detroit automakers are preparing to reward U.S. hourly workers with another huge pot of profit-sharing checks, as North American manufacturing operations approach peak efficiency.

Ford Motor Co., General Motors Co. and Chrysler Group LLC will next month announce specific, per-worker profit-sharing totals along with their 2013 financial results. Based on automakers’ anticipated earnings for the year, industry analysts believe more than $800 million in profit-sharing checks will go out to about 130,000 workers.

GM’s North American profits have run about $300 million higher during the same period, and 51,500 U.S. hourly workers could see a bonus check similar to the $6,750 checks GM cut them for their 2012 work.

From The Detroit News: http://www.detroitnews.com/article/20140106/AUTO01/301060035#ixzz2pfU3Iz8W