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UAW Lordstown workers to receive up to $7,500 in profit sharing



Published: Fri, February 14, 2014 @ 12:09 a.m.

RELATED: GM recalls nearly 780K compact cars

By Tom McParland

tmcparland@vindy.com

YOUNGSTOWN

United Auto Workers employees at General Motors plants will receive up to $7,500 in profit- sharing payouts later this month, according to GM and UAW representatives.

Regular full-time employees who worked 1,850 compensated hours last year will receive the maximum amount, while workers who logged less than 1,850 hours will receive a prorated sum.

GM has had forms of profit sharing in place since the 1980s, said Bill Grotz, GM manager of manufacturing and labor communications.

But in recent years, the payout has been determined by a formula that was first negotiated between GM and the UAW in 2009 as a part of GM’s restructuring agreement. It was renewed in UAW’s most- recent contract, negotiated with GM in 2011.

Temporary workers — those brought in for short-term projects such as new product launches and production surges — are not eligible for the bonus, Grotz said.

UAW Local 1112 President Glenn Johnson, who represents workers at the Lordstown assembly plant, said the payout reflects a strong year of production and sales for GM.

“The company had a great year,” he said. “We’re happy that we work for them, and we’re putting out some great products.”

The payout ebbs and flows, but profit-sharing bonuses generally have been lower in the past, Johnson said.

Earlier this month, GM reported $3.8 billion in net income for 2013, down from $4.9 billion the previous year. Meanwhile, the Lordstown-built Chevrolet Cruze surged last year, with sales up 4.4 percent from 2012.

Johnson said employees will receive their profit-sharing payout with their last paychecks in February.

GM may be looking to increase production at Lordstown next month.

Johnson said management tentatively has scheduled three Saturdays of production for all three shifts, but the dates are “always subject to change, based on the needs of the company.”

Union and plant officials also confirmed Thursday that the weeks of June 30 and July 7 have been designated as the annual vacation shutdown weeks at the Lordstown facility.

Workers are required to use 72 hours of their vacation during those two weeks, but they may still use vacation time outside of that window.


Comments

1mabell(25 comments)posted 7 months, 1 week ago

Taxpayers lost 10 billion dollars in GM stocks,and they get a bonus......What an upside down country we live in.
Evil only happens if good people let it happen....wake up people.That goes for the local issues also.Cmon.....Think!!

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2DwightK(1256 comments)posted 7 months, 1 week ago

Under every article there's at least one person complaining. This many workers getting this much bonus money is a good thing for the businesses of the Mahoning Valley. If you want to complain about money being lost, look at the salaries of the corporate officers.

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3walter_sobchak(1910 comments)posted 7 months, 1 week ago

Nobody is calling the GM workers evil. The situation, however, is upside-down. many workers, such as myself, work for good companies that keep their eye on the product produced, watch the books, work diligently and don't take any government handouts. We have operated under tight rules, sacrificing, some of us working extra (as I do since I am salary). Now, we take old GM, horribly run with poor management and little leadership, making a crap product, losing money because they were so badly operated. They get bailed out with government loans on one hand and then the government takes a huge ownership in the company by buying stock. My God, the Obama administration fired and hired the CEO and other management! How many shareholders and bondholders got shafted when the old GM was written off to make a new GM that was nothing more than a payoff for to the UAW for supporting the messiah. Of course, this was sold as necessary to keep GM from going bankrupt, which they ultimately did anyway. My brother-in-law, a GM retiree, lost a lot of money when his stock went worthless. The problem is that there are rules, smokey...and the government gets to change the rules as they see fit while the ordinary people get screwed. Too big to fail means you're too big to exist, IMHO.

That's it, in a nutshell. I am happy that GM Lordstown still exists and they appear to be making a good product while operating within budgets. Good for them but the hell with all the others that were playing by the rules. I will NEVER buy a GM product again. In fact, we have purchased two Fords in the last year and love them. I only used to drive a Chevy but fuggitaboutit, now.

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4papa1(662 comments)posted 7 months, 1 week ago

if you think it's unfair now, wait until they pass the "trans pacific partnership trade agreement." it will be nafta on steroids. it's being negotiated behind closed doors and will export more American jobs to countries like china and Vietnam. the middle class is dying the death of one thousand cuts while everyone is watching American idol. one day china will march right in and then all bets are off. and everyone will be high on pot.

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576Ytown(1242 comments)posted 7 months, 1 week ago

Papa1: so true. And once the companies employing the taxpayers leave the country, who will pay for all the subsidies?

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6bmanresident(597 comments)posted 7 months, 1 week ago

GM built cars and trucks are the biggest piles of crap that the UAW can put out and now they somehow get bonuses? How about they pay back the government bailout monies instead of dishing out money to an already bloated union?
At least all of the area drug dealers will be getting some extra cash in their pockets.

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7Ianacek(909 comments)posted 7 months, 1 week ago

In 1977 , a friend who worked for GM in Detroit arranged for a personal tour for us of a local GM plant . The plant was very highly automated , but I noticed there were still a lot of staff & they seemed to be doing menial tasks like tightening a bolt and they were moving at a very relaxed pace . My friend said this had been agreed between union and GM so the men could keep their high paying jobs .
My friend said he didn't think this would last indefinitely because foreign car companies with lower costs were beginning to eat Detroit's lunch .He was training in his spare time for another career , but most of his colleagues were blind to what was happening . Yes , management "unions" were also applying their own "racket" .
Ultimately , this focus on short term gains destroyed not only GM , but much of Detroit .

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