GM's UAW Workers to Go on Strike

[iheartthed]

They are saying that they want profit sharing,do that mean they will also except loss sharing?

They already do share losses.

[Richard]

They already do share losses.

GM Posts $3.9 Billion Loss For 2017, UAW Employees Still Get $12K Profit-Sharing Checks

https://www.carscoops.com/2018/02/gm...haring-checks/

It appears like they got paid,it does not read GMs 3.9 billion loss was divided up equally amongst the employees.

[archfan]

GM Posts $3.9 Billion Loss For 2017, UAW Employees Still Get $12K Profit-Sharing Checks

https://www.carscoops.com/2018/02/gm...haring-checks/

It appears like they got paid,it does not read GMs 3.9 billion loss was divided up equally amongst the employees.

The UAW bonuses were calculated based on EBIT [[earnings before the bad stuff) of $12.8B. GM then took $13.5B in one-time charges against its earnings for tax changes and the sale of Opel/Vauxhall, which resulted in a net loss.

[iheartthed]

GM Posts $3.9 Billion Loss For 2017, UAW Employees Still Get $12K Profit-Sharing Checks

https://www.carscoops.com/2018/02/gm...haring-checks/

It appears like they got paid,it does not read GMs 3.9 billion loss was divided up equally amongst the employees.

That was due to a tax charge; it was not an operating loss.

Employees pay for operating losses with their jobs.