Tag: profit sharing

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 States long into the future.

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 $10,750 is because the UAW proposed this during Negotiations; achieved it at the bargaining table and our members ratified it.

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.”

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 that work for FCA.”

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.”

Statement from UAW Vice President Cindy Estrada on General Motors Profit-Sharing Announcement

The following is a statement from UAW Vice President Cindy Estrada on today’s GM profit sharing announcement.  “Today’s performance bonus announcement of a maximum of $12,000 each rewards our members’ dedication and commitment to building some of the most popular and high-quality vehicles in the world. They deserve every penny of that collectively bargained bonus check.”

Statement from UAW Vice President Norwood Jewell on FCA US Profit-Sharing Announcement

“Today FCA US announced that UAW members will get an average of $5,000 in profit-sharing payments. Based on the new contract formula that UAW members bargained in 2015 negotiations, some employees could be eligible for higher payments based on compensated hours. UAW members at FCA US are proud of the quality Chrysler, Jeep, Dodge and RAM products they produce, and through collectively bargained profit-sharing, the hard work and success of our members’ is rewarded.”

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

“This morning, Ford Motor Co. announced their 2016 North American full-year profits of $9 billion. This is exciting news as our members will each see a significant profit-sharing financial payout per the 2015 collective bargaining agreement. “This is also an important indicator that Ford Motor Co. is a healthy, financially secure company which translates to job security for our members. “The profit-sharing payout, expected to average approximately $9,000 for each of our 56,000 hard-working men and women, will provide a substantial benefit to their respective communities across this great country. “I’m also reminded that profit sharing is a major topic ... Read more

UAW Statement on GM Profit Sharing

Statement from UAW Vice President and Director of the UAW’s GM Department, Cindy Estrada: “UAW members will go home to their families today knowing that their hard work and innovative team work have paid off. Through collective bargaining those UAW members eligible will receive up to $11,000 in GM profit sharing. Together, UAW members are sharing in the quality products and record sales of GM cars and trucks.”

UAW Statement on Ford Profit Sharing

“As a result of the 2015 UAW-Ford collectively bargained profit sharing formula and Ford Motor Company’s North America record full-year pre-tax profit for 2015 of $10.8B, a profit sharing payment averaging $9,300 will be made to the hardworking UAW-represented Ford employees. Individual profit sharing payments may be higher or lower based on employee compensated hours.” -Jimmy Settles, Vice President UAW-Ford