Is This Why Businesses Are Moving To Other Countries?

Gov’t Motors Employees to Receive Bonuses up to $7,000 Each
Posted on December 22, 2012
Profit-sharing bonuses for United Auto Workers’ members at Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) are expected to be at least as large as last year’s payout at General Motors and larger than the year-ago bonuses paid at Ford. Approximately 55,000 GM hourly workers and 40,000 Ford employees are in line for the payments.
GM workers can expect bonuses of between $5,500 and $7,000, and Ford’s employees could receive a payment of more than $8,000 each, according to a report in The Wall Street Journal. The payments are based on a formula that gives workers a $1 bonus for every $1 million in North American operating profit at the two companies.
U.S. auto sales are on track to top 14.5 million units in 2012, up 14% over last year’s sales total. In the first three quarters of the year, GM has posted operating profit of $5.55 billion and Ford’s profit totals nearly $6.5 billion. And the fourth quarter looks good too.
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4 Responses to “Is This Why Businesses Are Moving To Other Countries?”

  1. Yellow Ranger Reporting fer Duty says:

    Busieness’ are all about profit maximization. They get more profit if they manufacture it overseas because they can pay those workers less

  2. White America ends in 2043 says:

    greedy CEOs

  3. Spock (rhp) says:

    and I thought I was in clover when I got a weeks’ pay as a year end bonus.
    still, ask all the unemployed GM workers how big their bonus will be this year.

  4. republicans the stupid says:

    greed thats why

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