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44,000 UAW-Represented Fiat Chrysler Workers To Get Profit Sharing Checks Of $7,280

Published Friday, February 14, 2020
by Eric Lawrence/The Detroit Free Press
44,000 UAW-Represented Fiat Chrysler Workers To Get Profit Sharing Checks Of $7,280

(DETROIT, MICHIGAN) - Fiat Chrysler Automobiles (FCA) Workers will receive $7,280 in profit-sharing checks this year, an increase from a year earlier.  The company announced the payouts to about 44,000 United Auto Workers (UAW)-represented FCA Workers, on the same day it released its earnings for 2019.  Payments should go out on March 13th.

The profit-sharing checks compare with an average of $6,000 last year for FCA Workers and what Union-represented Workers at General Motors (GM) - $8,000 - and Ford - $6,600 - are slated to get this year, according to earlier Detroit Free Press reports.

UAW Vice President Cindy Estrada, who leads the Union's FCA Department, cheered the larger profit-sharing checks.  The company and Union negotiated a new Labor Contract last year that boosts the profit-sharing formula for Workers.

“Through collective bargaining, UAW Members were able to bargain profit-sharing to adequately reflect their role in FCA US’s profitability.  UAW FCA Members make some of the best-selling quality products in America.  Today’s eligible profit sharing amount of $7,280 per member reflects that hard work, dedication and product success,” she said in a news release.

To Continue Reading This Labor News Story, Go To: www.freep.com/story/money/cars/chrysler/2020/02/06/fiat-chrysler-2019-profit-sharing-checks-earnings/4675843002/

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