GM hourly employees who worked 1,850 compensated hours are expected to receive a profit-sharing check of $14,500.

General Motors Co. lost $2.96 billion in the fourth quarter after a $4 billion charge for restructuring its struggling business in China, but it logged record full-year adjusted profits globally and in North America.

GM announced profit-sharing checks up to $14,500 for 45,000 U.S. hourly workers, a record linked to its strong pre-tax earnings but contrasted by layoffs and an unchanged focus on gasoline vehicles.

General Motors’ 2024 profits will net hourly workers up to $14,500 -- a new record for the annual profit-sharing checks.

GM saw gains in its pretax profits for North America last year that pushes profit-sharing checks for UAW workers to a record level.