Bailed-Out GM Workers Getting $4,300 Bonuses

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GM is out with earnings this morning.The PE seems to have missed a bit, and revenue seems to have beat a little bit, and the stock isn’t moving sharply one way or another.

This is what will get the most attention:

As a result of GM’s 2010 financial performance, the company will pay profit sharing to approximately 45,000 eligible GM U.S. hourly employees, and approximately 3,000 eligible GM Components Holdings (GMCH) employees. The average payout per employee will be approximately $4,300 for GM employees and $3,200 for GMCH employees.

Read the full announcement here >

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