FCA US Announces 2015 Profit Sharing Payment for Hourly Employees
January 27, 2016 , Auburn Hills, Mich. – FCA US LLC announced today that it will make profit sharing payments up to $4,000 to eligible UAW-represented employees as a result of the Company’s 2015 financial performance. Approximately 40,000 employees will receive the payment on Feb. 19, 2016.
The payment represents a 45 percent increase from the $2,750 payment UAW-represented employees received last year.
As negotiated in the 2015 UAW-FCA US Collective Bargaining Agreement, future profit sharing payments will be based on the EBIT margin performance of the North American region reported in the FCA N.V. financial results beginning with 2016 calendar year performance.