$1,500 profit-sharing checks coming to Chrysler workers Friday [View all]
Chrysler’s U.S. workers will receive their profit sharing checks this Friday, the company said today.
On average, the company's 23,000 hourly workers will receive about $1,500, as first reported by the Detroit Free Press last week. For salaried employees, the award is based on a performance plan.
“Chrysler Group LLC is pleased to be able to pay profit sharing and performance and leadership management awards to our represented and salaried employees, respectively, on Friday, Feb. 10,” Chrysler said in a statement today. “These awards are being paid in recognition of their efforts to help rewrite the company’s history.”
For hourly workers profit sharing is based on a new formula ratified by UAW members last fall. The formula is based on the company’s modified operating profit in North America.
http://www.freep.com/article/20120207/BUSINESS0103/120207041/Chrysler-profit-sharing?odyssey=tab|topnews|text|FRONTPAGE
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