Chrysler salaried and hourly employees were told today they’ll be getting profit-sharing checks after the maker reported earnings of $1.8 billion in 2013.
Based on a formula that UAW workers ratified in a 2011 contract, workers should expect a maximum profit sharing check of about $2,500 before taxes. That would be the highest profit-sharing check for Chrysler hourly workers since 1999. Last year, Chrysler workers profit-sharing checks averaged $2,250 before taxes.
While employees may be happy to get the extra cash, the amount is about a quarter of the $8,800 checks about 47,000 Ford employees are expecting to get. (more…)