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FCA sending big checks to US workers

by David Zatz on

FCA US’ strong financial performance in 2017 are having a direct impact on UAW workers: average profit sharing payments of $5,500 per person are going to around 40,000 employees on February 16, 2018.

This will bring FCA US hourly employees’ total profit sharing to an average of over $23,000 since 2009. The current profit-sharing arrangement was negotiated in 2015.

During that period, Chrysler and FCA invested $10 billion and added over 25,000 new jobs in the United States. Still to come are $2 billion in upgrades to Warren Truck and Toledo South, to be completed by 2020.

Around 60,000 employees are also getting a special $2,000 bonus to share gains from lower U.S. taxes.

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