CNN reports that Delta Air Lines will give its employees a combined extra $1.6 billion back. The profit-sharing plan started in 2012 after the company's merger with Northwest.
Full-time or part-time workers, whether they join unions or not, will receive checks. That's because Delta once again just handed out big bonuses to all its employees- both full and parttime- thanks to a profit-sharing plan put in place a few years ago.
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Direct cash payments are not the only way companies can share profits with workers. That works out to two month's pay.
"For many years, I was beaten on Wall Street". They thought the profits were theirs, and 'Why are you giving the profits away to the employees?' Bastian said at Monday's event, according to The Atlanta Journal-Constitution. (But) Wall Street has actually closed and they realize that Delta is the most excellent airline because of its people.
Did you decline a job offer recently from Delta? But such plans are most common in the aviation and automotive industries, Blazi said.
Since 2015, GM, Ford and Fiat Chrysler have together issued their employees almost $ 5 billion in checks, which corresponds to an additional six months' wages per employee, according to Automotive News.
Such high payouts are not the norm, however.