profit sharing Archives

Statement from UAW Vice President and Director of National Stellantis Department Rich Boyer on 2022 Profit Sharing Announcement

Detroit – Our union was successful in negotiating an enhanced profit-sharing formula with Stellantis in 2019. The new formula more accurately reflects the contributions of UAW members to the success of Stellantis. Today’s announcement that eligible UAW-Stellantis members will receive a record average profit-sharing amount of $14,760 confirms that the skill, dedication, and hard work

February 22, 2023

Statement of UAW Vice President & Director of UAW National Ford Department Chuck Browning

Detroit – UAW Ford members play a key role in the success of the company through their expertise, extraordinary efforts, and commitment to the jobs they perform each and every day. Official notification from Ford to the UAW will take place several weeks from now. However, based on the announcement today and in accordance with

February 2, 2023

Statement from UAW VP and Director of UAW-GM Department Mike Booth

Today UAW members who work for General Motors received the news that they may receive up to $12,750 in profit sharing. UAW members have earned their share of the company’s prosperity, and this negotiated benefit reflects that contribution. Our members are essential to the success of General Motors. UAW members bring skill, experience, and dedication

January 31, 2023

Statement of UAW Vice President Cindy Estrada Director of the UAW Stellantis Department on 2021 Profit Sharing Announcement

Detroit – During the 2019 Collective Bargaining with Stellantis, the UAW bargaining team fought hard for an enhanced profit sharing formula that more fairly distributed profit earnings based on the company’s unique structure. Today’s announcement that eligible UAW Stellantis members will receive an eligible profit sharing amount of $14,670 is a reflection of the hard

February 23, 2022

Statement by UAW Vice President Chuck Browning Director of the UAW Ford Department on Ford’s Yearly Earnings Report and Profit Sharing Estimate

Detroit – UAW Ford members worked diligently and remained dedicated to produce the finest built products in the world during a year that presented great challenges due to the pandemic and unprecedented supply chain issues. Their contributions to Ford Motor Company’s profits under such conditions are to be commended and our members should be very proud

February 3, 2022

Statement from UAW-FCA Vice President Cindy Estrada on FCA’s 2018 Profit-Sharing Announcement

Because of their hard work, dedication and through collective bargaining UAW FCA members will receive an average profit share of $6,000. UAW members take great pride in building quality products that our customers want to buy. We look forward to working with FCA for continued success in building great union-made vehicles here in the United

February 7, 2019

Statement from UAW Vice President Terry Dittes on GM Profit Sharing Announcement

The UAW Membership makes the components for and builds the finest General Motors cars, trucks, crossovers, SUVs and vans in the world right here in the U.S.A. That is the driving force behind propelling GM to make $10.769 billion in net profits in the U.S. for 2018. Profit Sharing payments to UAW-GM Members up to

February 6, 2019

Statement from UAW Vice President Cindy Estrada on Average $11,750 Profit Sharing Per Member

“Today’s General Motors profit sharing, established under the 2015 contract negotiations, recognizes that UAW GM members’ hard work is an essential part of General Motors sales and profits. UAW members at GM negotiated a well-deserved share in the profits of their hard work and sacrifice.”

February 6, 2018

Statement from UAW FCA Vice President Terry Dittes on FCA Profit Sharing Announcement

“We are pleased to see an increase in the average profit sharing, per member, over last year! This could not have been possible if not for the enhanced profit sharing formula negotiated in the 2015 National Agreement and was achieved due to the dedication and hard work of our Brothers and Sisters of the UAW

January 25, 2018

Statement from UAW Ford Vice President Jimmy Settles on Ford Profit Sharing Announcement

“Through hard work and collective bargaining in 2015, UAW Ford members will receive an average of $7,500 in profit sharing for their work in 2017.”

January 24, 2018

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