---
title: "GM Union Workers Due for $11,750 Bonus"
description: "The company is paying out $11,750 to each union worker, down slightly from last year."
date: "2018-02-10"
modified: "2018-02-11"
authors:
  - name: "Joe D'Allegro"
    link: "https://www.thedrive.com/authors/joe-dallegro"
url: "https://www.thedrive.com/news/18384/gm-workers-due-for-11750-bonus"
categories:
  - "GM News"
  - "News"
  - "News by Brand"
tags:
  - "2017 Profits"
  - "Bonus"
  - "General Motors"
  - "Share Price"
  - "UAW"
---

# GM Union Workers Due for $11,750 Bonus

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General Motors' union workers will each get a [$11,750 profit-sharing bonus](<https://www.freep.com/story/money/cars/general-motors/2018/02/06/general-motors-2017-earnings-12-8-b/309855002/>), based on the company's $12.8 billion in 2017 pretax profits, the *Detroit Free Press* reports. That's down slightly from the $12,000 checks union-represented workers received last year from the manufacturer.

The company had earned the same amount in 2016, but earnings per share were up more than 8% in 2017 to $6.62. The automaking giant reported net losses of $3.9 billion in 2017 because of a number of special charges, partially related to the sale of Opel, *The Detroit Free Press* noted.

[GM sold Opel and Vauxhall](<https://www.thedrive.com/news/8099/general-motors-ditches-opel-for-2-3-billion>), its European brands, to France's Peugeot SA for $2.3 billion last year. The two units had lost GM a reported $18 billion over the previous 16 years, as reported by *The Drive* and elsewhere.

"Results were driven by strong performance in North America, improvement in GM International led by strong equity income in China and a return to profitability in South America, sustained growth of GM Financial and an intense focus on costs," the company [stated](<https://www.gm.com/mol/m-emergency_news-2018-0206-GM-2017-Q4-release.html>) in a release.

*Detroit Free Press* reporter Eric D. Lawrence noted that the Big Three Detroit automakers had all benefited from a historically strong marketplace where sales of profitable trucks and SUVs were booming. GM's profit-sharing checks will be higher than its domestic rivals this year, however.

Fiat Chrysler had also announced last month that about 60,000 workers would receive a separate $2,000 bonus thanks to increased profitability brought by a lower corporate tax rate. As *Fortune* reported, its U.S.-listed shares had [nearly doubled](<https://fortune.com/2018/01/12/fiat-chrysler-bonus-tax-reform/>) in value last year.

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