Tuesday, October 28, 2014

GM Recalls Will Cut Into Union Workers' Bonus Checks

For General Motors [NYSE: GM], this year’s record recalls—especially its ignition-related recalls—will almost surely end up costing not just the company, but the annual income of many of its hourly workers. Based on GM’s current contract with the UAW, annual profit-sharing bonuses to UAW workers are directly based on the...



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