Cars
The South Korean division of General Motors has agreed to a record bonus payment for its employees following a partial strike last week. This was the first organized union strike to hit GM Korea in three years and it led to a production loss of 9,700 units.
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- Porsche To Reward Employees With €1,100 Bonus This Year
A bonus is a bonus, a nice surprise whatever the amount, especially during these hard times for those working in the auto industry. In spite of the difficult economy situation, Porsche announced that it will share the profits from its core business unit...
- Audi To Pay Workers Hefty Bonus For 2008, Bmw And Mercedes-benz Say Nein
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- Porsche Rewards Workers With €6,000 Bonus
Thousands of Porsche employees are to receive a €6,000 (US$ 8,750) bonus due to the company’s exceptional economic performance for the recently-concluded business year 2007/2008 that ended in July 31. The bonus that comes a year after a similar...
Cars
GM Agrees to Pay Korean Workers a Record Bonus of $6,140 Each and Increase Basic Salaries by 4.7%!
The South Korean division of General Motors has agreed to a record bonus payment for its employees following a partial strike last week. This was the first organized union strike to hit GM Korea in three years and it led to a production loss of 9,700 units.
The agreement between GM Korea and the union includes a raise of basic salaries by 4.7% and, more importantly, a $6,140 (6.5 million won) bonus to each worker.
Read more »- Gm Confirms Production Shift Of Next Cruze From South Korea To Europe
The idea had been floating around for quite some time and now, General Motors has officially confirmed plans to move production of its next generation Chevrolet Cruze compact series from South Korea to its troubled European operations in order to help...
- Caw Threatens To Strike Detroit's Big 3 Simultaneously If They Don’t Agree On New Contract
The Canadian Auto Workers’ union (CAW) is the largest private sector union in the country with over 200,000 members. On September 5, it announced that it would strike General Motors, Ford and Chrysler, if contract talks do not progress. This is...
- Porsche To Reward Employees With €1,100 Bonus This Year
A bonus is a bonus, a nice surprise whatever the amount, especially during these hard times for those working in the auto industry. In spite of the difficult economy situation, Porsche announced that it will share the profits from its core business unit...
- Audi To Pay Workers Hefty Bonus For 2008, Bmw And Mercedes-benz Say Nein
Among the three premium German automakers, the only company that will share part of its 2008 profits with workers is Audi as BMW and Mercedes-Benz's parent company Daimler decided not to pay a profit-sharing bonus for 2008. Audi AG will hand out €157...
- Porsche Rewards Workers With €6,000 Bonus
Thousands of Porsche employees are to receive a €6,000 (US$ 8,750) bonus due to the company’s exceptional economic performance for the recently-concluded business year 2007/2008 that ended in July 31. The bonus that comes a year after a similar...