Workers are on strike at all 3 Detroit auto makers for the first time in their union's history
SamboT @ SamboT @lemm.ee Posts 0Comments 178Joined 2 yr. ago
SamboT @ SamboT @lemm.ee
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General Motors Co. booked $9.9 billion in net income last year, down from 2021's $10 billion despite chronic supply chain woes, rising interest rates and a slowing economy.
GM's comparatively strong financial performance enabled the Detroit automaker to deliver profit-sharing bonuses of $12,750 to approximately 42,300 hourly employees (total number of employees in 2022 was 167,000) - GM's highest such profit-sharing payout. The bonuses total $500 million for the year, the company said.
https://www.detroitnews.com/story/business/autos/general-motors/2023/01/31/gm-reports-nearly-10-billion-in-profit-in-2022/69856635007/
https://investor.gm.com/news-releases/news-release-details/gm-reports-third-quarter-2022-results