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FCA US Hourly Employees To Get $6,000 Profit-Sharing Checks:

44,000 FCA US-UAW Employees Will Be Receive Payments In March...

Approximately 44,000 UAW-represented FCA US employees will be receiving average profit-sharing payments of $6,000, based on FCA US’ financial performance in 2018. Employees will receive the payment of the profit-sharing funds on March 8th, 2019.

According to FCA,  U.S. hourly employees have received on average more than $29,000 in profit-sharing since 2009. 

As negotiated in the 2015 FCA US LLC-UAW Collective Bargaining Agreement, the 2018 profit-sharing payment is based on the adjusted EBIT margin performance of the North American region reported in the FCA N.V. financial results and on individual compensated hours.

FCA US-UAW Employees Assembling Ram 1500s At The Sterling Heights Assembly Plant. (FCA).

UAW Vice President Cindy Estrada, head of the union’s FCA department, said in a statement, “We look forward to working with FCA for continued success in building great union-made vehicles here in the United States long into the future.”

Last year, FCA US paid its 40,000 hourly UAW employees profit-sharing checks averaging about $5,500 for the their financial performance in 2017. In total, FCA has invested more than $10 billion and created nearly 30,000 new jobs in the U.S. since 2009.

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