profit-sharing

Auto/Economy
3:15 pm
Tue February 7, 2012

Chrysler CEO Marchionne announces early bonuses

Chrysler CEO Sergio Marchionne praised workers, saying "It took an incredible team effort to bring about such remarkable results, and you should be proud."
wikimedia commons

Last week, we reported an Associated Press estimate that predicted a $1,500 profit-sharing bonus for Chryslers hourly employees based on the automaker's earnings figures contractual obligations with workers.

Now an email from Chrysler CEO Sergio Marchionne to UAW members posted by the Detroit News suggests the bonuses will go out early.

Read more
Auto/Economy
6:10 pm
Mon February 14, 2011

GM, Ford share profits with UAW before contract talks start

General Motors factory workers will get a record amount in profit-sharing checks this year.  The automaker's 48,000 UAW hourly workers will get at least $4,000.  That's more than twice the company's previous record for hourly worker profit-sharing  - $1,775 in 1999.

Read more