Chrysler salaried workers also were to get bonuses, despite a $12.5 billion government bailout. It expects to post a net profit this year after revamping its aging model lineup. Many of the executives still will take home more than $1 million.Ĭhrysler's roughly 22,000 blue-collar workers were to get $750 in bonuses even though the company lost $652 million last year. Cash salaries have been capped at $500,000, but further compensation can be made in stock. GM has said its top 100 earners are still covered under government pay restrictions. This year, the company plans to add vehicle quality to the formula, measured by warranty claims and outside rankings from Consumer Reports magazine and J.D. The GM documents say the white-collar bonuses are based on operating cash flow, earnings before interest and taxes, and global market share. last year, far below the peak of 17 million in the middle of the last decade. Buyers bought only 11.6 million cars and trucks in the U.S. Union concessions cut labor costs and helped the company make money even at historically low sales volumes. The company emerged from bankruptcy cleansed of most of its debt and burdensome contracts. The payments follow GM's surprising return to profitability last year. The master contract with all three companies expires in September. All-news radio is available in both local and syndicated forms, and is carried on both major US satellite radio networks. The size of the white-collar bonuses could become an issue later this year when the Detroit Three begin contract talks with the United Auto Workers union. All-news radio is a radio format devoted entirely to the discussion and broadcast of news. The club confirmed revenue totalling 608million for last. Barcelona have set their sights on January signings and a new deal for Neymar after announcing record revenue for the 2014-15 campaign. That means GM would pay out roughly $224 million.īonuses for white-collar workers rise with the level of responsibility and are based on the performance of the worker and the company, the person said. A new contract for Neymar and January signings are two targets for Barcelona after their record revenue of 608million. A bonus of 8 percent, the midpoint of the range, would give them roughly $8,000. Most GM salaried workers make more than $100,000. stores are owned by franchisees who set pay in their own restaurants.The person briefed on the payments did not know the total cost of the salaried bonuses, but it's likely to top $200 million. However, the vast majority of McDonald’s nearly 14,000 U.S. “Now, they’re raising pay for some of us and using fancy math tricks to gloss over the fact that they’re selling most of us short.”įight for $15 is planning strikes in 15 cities next Wednesday ahead of McDonald's annual shareholders meeting. “Clearly, McDonald’s understands that in order to hire and retain talented workers, something needs to change,' union organizer and McDonald's employee and union organizer Doneshia Babbitt said in a statement. Entry-level workers will make at least $11 per hour shift managers will make at least $15 per hour.įight for $15 and a Union, a labor group which is trying to unionize fast food workers, said the increases aren't enough and it will continue to demand a starting wage of $15 per hour for all McDonald's workers. McDonald’s, based in Chicago, said Thursday that its hourly wages will increase an average of 10% over the next few months to $13 per hour, rising to $15 per hour by 2024.

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