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GM Pays Inflation Bonuses to UAW Retirees
Workforce Management 
Dec. 18, 2008
Excerpt: General Motors, which is seeking a government bailout, paid up to $700 in year-end inflation adjustments to each of its 284,000 hourly retirees on Monday, December 15, said GM spokesman Tony Sapienza. With an additional 73,000 surviving spouses receiving as much as $455 each, the total cost to GM may surpass $200 million. Ford Motor Co. intends to make its payments next week, said Ford spokeswoman Marcey Evans. They will go to 115,000 hourly retirees as part of longstanding contract provisions with the United Auto Workers. Chrysler LLC did not respond immediately to a request for numbers on its payments.
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