They are saying that they want profit sharing,do that mean they will also except loss sharing?
They are saying that they want profit sharing,do that mean they will also except loss sharing?
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.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.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.
Employees pay for operating losses with their jobs.
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