Chrysler workers are getting an unexpected holiday present. The automaker says it is paying a bonus they weren’t supposed to get until next year ahead of time.
Chrysler’s union-represented employees will receive the second half of the $3,500 ratification bonus they got for approving their latest contract on Dec. 21. Had Chrysler stuck to the original language in the contract it signed with the United Auto Workers union in 2011 workers would not have received payment until at least the first quarter of 2013.
“This waiver of the four-quarter requirement is made in recognition of the tremendous contribution you have all made to the performance of our facilities and to the revival of Chrysler,” Sergio Marchionne, Chrysler Group Chairman and CEO, said in a letter to employees.