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Keyword: profitsharing

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  • Chrysler factory workers to get $1,500 profit-sharing checks

    02/02/2012 12:06:09 PM PST · by Nachum · 14 replies
    Associated Press ^ | 2/2/12 | Staff
    Detroit - Factory workers at Chrysler are getting $1,500 profit-sharing checks next month, a sign the automakerís turnaround is succeeding. About 26,000 union-represented workers in the U.S. should get the payments, according to Chryslerís contract with the United Auto Workers union. The profit-sharing figure is based on an Associated Press analysis of company earnings, and the labor contract formula for profit-sharing. Chrysler would not say how much the workers will get. But the formula in its new four-year contract with the UAW shows that the checks will be about $1,500. The checks are based on Chryslerís $2 billion operating profit
  • GM, UAW agree on profit-sharing in new contract

    09/18/2011 8:34:24 AM PDT · by Nachum · 25 replies
    Chicago Tribune ^ | 9/18/11 | Dee-Ann Durbin and Tom Krisher, AP
    DETROIT (AP) -- The United Auto Workers union won $5,000 signing bonuses and the possibility of sweeter profit-sharing checks as part of a new four-year contract with General Motors Co., two people briefed on the talks said Saturday. The deal, which was reached late Friday, also includes a $2- to $3-per-hour pay raise for entry-level workers over the life of the contract and guarantees more union jobs, the people said. Both persons asked to remain anonymous because the details of the contract haven't been reviewed by all local union leaders. The GM deal will serve as a template for contracts...
  • Obama: Corporate profits must be 'shared with workers'

    02/08/2011 2:36:30 AM PST · by Scanian · 78 replies · 1+ views
    The American Thinker Blog ^ | February 08, 2011 | Rick Moran
    Nothing wrong with profit sharing - as long as it's a private transaction either between an employee and the company or the union and the industry. But Obama's not concerned about that kind of setup. In fact, he makes it sound as if government would have a role in enforcing such profit sharing (video at RealClearPolitics link) "'If we're fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers, who need to know that opening markets will lift...
  • Clergy Still Like Gibson's Movie

    08/19/2006 10:11:39 AM PDT · by Hal1950 · 9 replies · 653+ views
    It has taken a couple of weeks, but the reviews from evangelical Christian leaders about Mel Gibson's latest performance are now in. Gibson's drunken remarks about "(expletive) Jews" being responsible for "all the wars in the world," which the actor made to a Los Angeles sheriff's deputy who pulled him over on July 28, were "hurtful and unfortunate" (James Dobson), "reprehensible . . . shameful" (the Rev. James Merritt) and "cause for concern" (the Rev. Ted Haggard). But has the actor-director's intemperate speech by the side of a highway prompted any prominent evangelical leader to voice second thoughts about the...
  • Prostitutes Get Contracts, Profit-Sharing

    03/18/2002 4:11:10 PM PST · by Tumbleweed_Connection · 29 replies · 423+ views
    Yahoo ^ | 3/18/02
    Reuters - Prostitutes working in a Berlin brothel have been offered employment contracts with a 40-hour working week and a profit-sharing scheme, a German newspaper reported Monday. Bild newspaper said Felicitas Weigmann, the owner of the posh Berlin brothel "Cafe Pssst!," drew up the first job contracts for her staff after the German parliament passed a law last year giving prostitutes new employment rights. In exchange for a regular 40-hour week, prostitutes at "Cafe Pssst!" are entitled to a basic wage of 600 euros per month plus a "profit sharing" payment of 40 euros per client. They can, however, choose...