profit-sharing http://michiganradio.org en Chrysler CEO Marchionne announces early bonuses http://michiganradio.org/post/chrysler-ceo-marchionne-announces-early-bonuses <p>Last week, we reported <a href="http://www.michiganradio.org/post/chrysler-factory-workers-get-1500-checks">an Associated Press estimate </a>that predicted a $1,500 profit-sharing bonus for Chryslers hourly employees based on the automaker&#39;s earnings figures contractual obligations with workers.</p><p>Now an <a href="http://www.detroitnews.com/article/20120207/AUTO01/202070383/1361/Marchionne-letter-to-Chrysler-workers">email from Chrysler CEO Sergio Marchionne</a> to UAW members posted by the Detroit News suggests the bonuses will go out early.</p> Tue, 07 Feb 2012 20:15:18 +0000 Michigan Radio Newsroom 6129 at http://michiganradio.org Chrysler CEO Marchionne announces early bonuses GM, Ford share profits with UAW before contract talks start http://michiganradio.org/post/gm-ford-share-profits-uaw-contract-talks-start <P>General Motors factory workers will get a record amount in profit-sharing checks this year.&nbsp; The automaker's 48,000 UAW hourly workers will get at least $4,000.&nbsp; That's&nbsp;more than twice the company's&nbsp;previous record for hourly worker profit-sharing&nbsp; - $1,775 in 1999.</P> <P><SPAN style="DISPLAY: none" _fck_bookmark="1">&nbsp;</SPAN>But GM says&nbsp;the bonus isn’t more than what the profit-sharing plan calls for.&nbsp; Mike Green is President of Local 652 in Lansing.&nbsp; He says GM workers are happy about the money.&nbsp; But it doesn’t make up for all the wage an Mon, 14 Feb 2011 23:10:33 +0000 Tracy Samilton 1288 at http://michiganradio.org