GM Profit Sharing Cheques Handed Out

General Motors is in the process of laying off thousands of white collar workers, but they're also getting ready to hand out profit sharing cheques.

More than 46,500 eligible U.S. hourly employees will each receive a profit sharing payment of $10,750. 

This year's cheques are down from last year's $11,750 dollars.

That's because GM's North American pretax profit in 2018 was $10.8-billion, down from $11.9-billion in 2017.

The money will show up in workers' February 22nd paycheques.