FCA U.S. Hourly Employees To Receive 2018 Profit Sharing Payments
February 7, 2019 by FCA•Payment recognizes hourly employees' contributions to the Company •Total U.S. investment grows to more than $10 billion since 2009, with nearly 30,000 jobs created to date February 7, 2019 , Auburn Hills, Mich. - Based on the Company's 2018 financial performance, FCA US LLC announced today that it will make average profit sharing payments of $6,000 to eligible UAW-represented employees. Approximately 44,000 employees will receive the payment on March 8, 2019. With this payment, 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. In total, FCA has invested more than $10 billion and created nearly 30,000 new jobs in the U.S. since 2009.
Recent Posts
- Rodeo Drive Concours d'Elegance Hosts Amazing Cars on the World's Most Iconic Street
- MotorTrend Presents Roadkill Nights Powered by Dodge Returns for Ninth Year, Direct Connection Grudge Match Competitors Revealed
- Dar Global introduces stunning beach residence The Astera, interiors by Aston Martin
- New Vantage GT3 takes first international win with Aston Martin's maiden SUPER GT success
- A new Bugatti era emerges – 20th June 2024