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FCA Hourly Workers Get 45% Hike in Profit-Sharing Checks

The $4,000 checks less than half expected payouts at Ford, GM.

by on Jan.28, 2016

Fiat Chrysler's North American UAW employees can expect a sizable increase in their profit-sharing checks this year: a 45% jump.

Members of the United Auto Workers employed by Fiat Chrysler Automobiles NV’s unit in North America will see their profit-sharing checks increase by 45%.

The $4,000 payment due members of the UAW represents a substantial increase from the $2,750 UAW-represented employees received last year, the company said. The FCA profit-sharing payments are expected to fall short those of union members at General Motors and Ford, which could approach $10,000

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The company said the hike in profit sharing was a result of the company’s 2015 financial performance. (more…)