General Motors Co. and Chrysler Group LLC could award some managers bonuses of up to 50 per cent of their salary, Bloomberg reports, citing three people familiar with the matter.
GM plans to pay 26,000 United States employees bonuses as high as 50 per cent, Bloomberg reported. Most managers will receive bonuses between 15 per cent to 20 per cent 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. is expected to pay bonuses equal to 10 per cent or more of their base pay to some salaried staff, Bloomberg reported.
Chrysler declined to comment. GM and Ford could not be immediately reached for comment.
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