before they pay us back? http://hosted.ap.org/dynamic/stories/U/US_GENERAL_MOTORS_BONUSES?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-02-14-12-32-31
The payments, disclosed Monday in company documents, are similar to bonuses announced last week for white-collar employees. The bonuses to 76,000 American workers will probably total more than $400 million - an amount that suggests executives have increasing confidence in the automaker's comeback.
In the four years leading up to its 2009 bankruptcy, GM piled up more than $80 billion in losses and was burdened by enormous debt and costly labor contracts.
The payments, disclosed Monday in company documents, are similar to bonuses announced last week for white-collar employees. The bonuses to 76,000 American workers will probably total more than $400 million - an amount that suggests executives have increasing confidence in the automaker's comeback.
In the four years leading up to its 2009 bankruptcy, GM piled up more than $80 billion in losses and was burdened by enormous debt and costly labor contracts.