"They have to have worked a minimum of 1,850 hours to be able to qualify for the entire amount," Herron said. "The majority of our members have."
Herron added that a worker's yearly schedule is based on 1,920 hours, plus 16 vacation days -- which brings the total to 2,080 hours.
If an employee worked less than 1,850 hours, the amount will be reduced on a sliding scale, Herron said.
The local 1853 chairman said the money will equate to more dollars spent in the local economy.
"There is some income that comes into the area, and then people use that income for improvements to their homes and to purchase things that they need," Herron said. "So, it should be very good for the economy, and it should certainly give us a little boost here in the area."
The local plant is "integral" to the overall performance of GM in
"It's a clear outcome of the collective bargaining process," Herron said. "One of the desired outcomes was to tie the specific performance of every plant and every workforce directly to the overall profitability of
GM's 2013 fourth quarter revenue increased 3 percent to
GM's total 2013 calendar-year net income attributable to common stockholders was
In 2013, Spring Hill GM hourly employees received a maximum payout of
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