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.
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