Stellantis-UAW Employees Will Be Receiving $8,010 Profit-Sharing Checks:

Checks Will Be Received On March 15th...

Stellantis-UAW workers are receiving profit-sharing checks this year of $8,010, as a result of the financial performance of the former Fiat Chrysler Automobiles (FCA) during 2020. The news comes after a year of shutdowns and pauses in production due to the ongoing pandemic, which resulted in a fourth-quarter rebound.

An employee at the Warren Truck Assembly Plant cleans her workstation during the first 10 minutes of every shift. (Stellantis).

Approximately 43,000 United Auto Workers (UAW) represented employees are eligible to receive the payment which will be paid on March 15th, 2021. The payments will be based on individual compensated hours.

The $8,010 amount is an increase of $730 over the checks that FCA employees received last year. When compared to the rest of the Big-3, General Motors (GM) UAW workers are receiving profit-sharing of $9,000, when Ford Motor Company’s UAW workforce will be getting checks of $3,625 according to official reports from the UAW itself.

Employees reporting to work at the Warren Truck Assembly Plant go through new entry procedures before entering the plant. (Stellantis).

The 2020 profit-sharing payment was calculated on the terms negotiated as part of the 2019 UAW-FCA Collective Bargaining Agreement, based on the year-end Adjusted EBIT margin of the North American region reported in the FCA legacy operations financial results.

Robert S. Miller

Robert S. Miller is a diehard Mopar enthusiast who lives and breathes all that is Mopar. The Michigander is not only the Editor for MoparInsiders.com, 5thGenRams.com, and HDRams.com but an automotive photographer. He is an avid fan of offshore powerboat racing, which he travels the country to take part in.

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That's pretty sweet!

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