Business

GM cut jobs, idled factories — but is issuing bonuses as usual


February 14, 2020, 9:15 AM

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Remember this? (Photo: Deadline Detroit)

It's often hard for us plebs to understand the motivations of multinational corporations, but this one is a real head-scratcher.

GM — the company that in 2019 laid off 4,000 salaried positions, idled several factories, and pushed its workers to strike — is aiming to keep its remaining salaried staff happy with annual bonuses that match or exceed what they got in 2018.

The Free Press broke news of the bonuses, to arrive in two weeks. GM hit its "global financial and other performance goals," the paper reported, and bigger bonuses will go to workers who met their own targets.

Here's what GM spokesman Pat Morrissey had to say:

"We had a very strong performance in 2019. When GM wins, all of our team members win.”

Now there's a man who's earned his bonus.


Read more:  Detroit Free Press


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