News

FCA Hourly Employees Receive Profit Sharing

Order Reprints

Feb. 8, 2019—Based on the 2018 financial performance, Fiat Chrysler Automobiles (FCA) announced Thursday it will make average profit sharing payments of $6,000 to eligible UAW-represented employees.

About 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.

The 2018 profit-sharing payment is based on the adjusted EBIT margin performance of the North American region and on individual compensated hours.

Related Articles

FCA CEO Issues Employee Email on Leadership Changes

Report: Hyundai Considering Acquiring Majority Share of FCA

Chrysler to Share Recall Data with CCC

You must login or register in order to post a comment.