GM, Chrysler bonuses may reach 50 percent of pay: report
General Motors Co
GM plans to pay 26,000 U.S. employees bonuses as high as 50 percent, Bloomberg reported. Most managers will receive bonuses between 15 percent to 20 percent of their annual salary.
Chrysler's bonuses for its 10,755 salaried workers will average about $10,000 and could be paid as soon as Friday. Some employees who are not subject to pay restrictions could net as much as half their salary, according to Bloomberg.
Ford Motor Co
Chrysler declined to comment. GM and Ford could not be immediately reached for comment.
(Reporting by Deepa Seetharaman; Editing by Gary Hill)
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