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Chrysler Is Half Its Pre-Daimler Size

by David Zatz on

FCA US, what remains of the former Chrysler Corporation, is not just less profitable than in 1998, when Chrysler was the darling of the worldwide auto industry; it also employs around half as many people.

employees

Figures released yesterday show that employment went plummeting downwards from 2000 to 2009, for both UAW hourly and UAW salaried employees (non-union employees were not mentioned). 2009, the year Fiat took over, was the turning point, with employment gaining for both hourly (from 21,823 to 36,643 people) and salaried (from 2,580 to 3,377) people.

table

The 2015 figure is from June; other figures are from the end of the year.

Profit sharing is higher now than at any time since Daimler replaced the old Chrysler management. Employees got $4,300 to $8,100 from 1993 to 1999; then either nothing or small amounts every year through 2010, the highest (by far) being $1,500 in 2004.  In 2011, employees took home $1,500; in 2012, $2,250; in 2013, $2,500; and in 2014, $2,750.  (These are averages combining hourly and salaried employees. Starting in 2011, profit sharing was based on North America profits.)

David Zatz founded Allpar in 1998 (based on a site he had begun in 1993-94), after years of writing reviews for retail trades. He has been quoted by the New York Times, the Daily Telegraph, the Detroit News, and USA Today. Before making Allpar a full-time career, he was a consultant in organizational psychology. You can reach him by using our contact form (much preferred) or by calling (313) 766-2304


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