Mexican Media Brands
FCA Profit Sharing for Hourly Workers Averages $6,000
Fiat Chrysler Automobiles NV will pay eligible hourly workers an average $6,000 in profit sharing for their contribution to the company’s performance in 2018.
#labor #economics
Share
Fiat Chrysler Automobiles NV will pay eligible hourly workers an average $6,000 in profit sharing for their contribution to the company’s performance in 2018.
About 44,000 employs who belong to the United Auto Workers union will receive the payment on March 8.
As with UAW workers at Ford and General Motors, the amount paid by FCA is based on adjusted pretax earnings margin for North American operations. FCA’s $6,000 average compares with an average of $7,500 at Ford and a maximum of $10,750 announced by GM.
RELATED CONTENT
-
Is Brexit U.K. Auto’s Waterloo?
French manufacturers, particularly those in the automotive sector, are making significant investments in robotic technology, according to the International Federation of Robotics (IFR). The organization says that its most recent figures show that the number of robots installed in the French car industry rose 22 percent, to 1,400 units.
-
VW, the Future & the End of “Conventional” Jobs
"In order to become a global provider of sustainable mobility, we are pressing ahead with future projects such as electromobility, digital connectivity and new mobility services, equipped with the necessary resolve and financing.”
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.