Up: GM autoworkers get pay bumps
labor gallery 5 gm autoworkers

Despite all the flak that union critics give collective bargaining, who says negotiations between companies and workers can't result in a win-win situation?

In February, autoworkers at the General Motors Assembly Plant in Arlington, Va. received as much as $7,000 bonuses each, thanks to a labor contract agreed upon last year that stipulated that future raises would come in the form of profit-sharing.

So if the company does well, workers also gain. Three years after declaring bankruptcy and reorganizing, GM reported net income of $7.6 billion for 2011. The profit-sharing bonuses are reportedly the largest such checks GM has given to its hourly employees.

- Last updated August 31 2012 08:20 AM ET
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