The U.S. automobile giant bonus "sop"

Earlier this week, GM announced 76,000 reward for all workers in the U.S. totaling over $ 400 million. For hourly workers, GM $ 4,000 prize, more than double the record low in 1999. Nearly 28,000 engineers and managers (white collar) received from 4 to 16% of pay. A number-less than 1% of employees-received more than 50%.
According to GM, about 45,000 people receive the $ 4,000 level. Total 198 million, 3,000 people in the old plant parts receive the $ 3,000.

GM did not announce the awards for managers and engineers, but according to the Associated Press GM spent about $ 200 million.

Most workers in the factory's payroll salary $ 100,000 per year, it received an average of 8% per person, equivalent to $ 8,000 per person. GM paid such bonuses to employees "white collar" 224 million dollars.

This can be considered good news for the city of Detroit and Michigan in particular and America in general. The American automobile manufacturers were working well and the employees returned the money to stimulate the economy.

Opinion criticism

Ford is one of the leading automobile manufacturers world's most profitable. The company has 6.56 billion net profit last year. Moreover, Ford refused a loan by the government to overcome the recession. The Ford workers profit sharing does not cause any reaction of public opinion.

But GM and Chrysler have received money from the federal government and apply for bankruptcy protection in 2009. When that many people were angry because the government put taxpayer money to rescue Chrysler from GM and drowned.

Thus, with the bonus that GM and Chrysler spent on workers has attracted criticism from those who condemned the previous government to rescue the automobile industry, they said that GM still owned by the submitter Tax, GM must pay off the debt 49, $ 5 billion to taxpayers before it comes to bonuses.

Charles Grassley, Republican Senator of Iowa said, "Since taxpayers to help the company exit bankruptcy, they need to get back the money owed before them - taxpayers - pay award,"

In fact, the government has been paying $ 23 billion, but enough to recover all the money invested, to collect 26.4 billion. Government currently owns 500 million shares in GM and to sell for $ 53 USD per share enough payback.

Is a fair reward

But industry analysts have said that the reward for those who work hard and promote initiatives to move the company from losses to profits is an equitable action. Bonus is also necessary to prevent jumping talent through other automobile manufacturers, especially Ford, formidable competitors of GM and Chrysler.
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