Holiday bonuses for UAWDespite financial troubles at the...

BUSINESS DIGEST

December 02, 1992

Holiday bonuses for UAW

Despite financial troubles at the Big Three automakers, blue-collar workers for all three will be getting holiday bonuses of up to $600.

The payments were negotiated in contracts signed by the United Auto Workers and General Motors Corp., Ford Motor Co. and Chrysler Corp., officials said during an informal survey yesterday. White-collar employees, who aren't covered by a contract, won't get holiday bonuses this year at Ford and General Motors, the survey showed. Chrysler is expected to decide this week about bonuses for white-collar workers, a spokesman said.

D.C. Blues add to reserves

The Blue Cross and Blue Shield plan serving metropolitan Washington said yesterday that it would bolster its reserves with a $15 million contribution from the national association of Blue Cross plans. The company, which serves 400,000 Marylanders, also said it would sell or close 30 of its 44 subsidiary businesses to raise money or stem losses. Blue Cross and Blue Shield of the National Capital Area is under review by Virginia regulators in the wake of tens of millions of dollars in losses by its subsidiaries last year.

Shapiro adds Moscow lawyer

Shapiro and Olander, a Baltimore-based law firm with 35 attorneys, has affiliated with a Moscow attorney. Christopher D. JTC Olander, managing partner of the firm, said he signed a referral agreement with Leonid H. Bekker even though "it is a little bit chaotic" in the former Soviet Union right now.

McCormick reports 15% gain

McCormick & Co. Inc., the spice and seasonings company, estimates its earnings during the fiscal year that ended Monday grew by 15 percent, according to McCormick's chief financial officer, James A. Hooker. After a talk to security analysts in New York yesterday, Mr. Hooker said the company's earnings per share should be in line with analysts' estimates of $1.13 per share. McCormick had earnings per share of 98 cents in the previous fiscal year.

Bailey is MPA marketing chief

Morgan C. "Trip" Bailey has been named director of marketing at the Maryland Port Administration, succeeding Bruce Cashon. Mr. Cashon left the MPA in September. For the past three years, Mr. Bailey, 34, has served as the MPA's director of operations. As director of marketing, he will oversee the port's domestic and foreign sales offices.

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