Tag: profit sharing

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 work and dedication UAW members bring toward the success of Jeep, Chrysler, Dodge and RAM sales. UAW Stellantis members are proud of the product they create every day especially during challenging environments over the past two years. We continue to make sure that this dedication ... Read more

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 of this great accomplishment. Although official notification from Ford will not take place for several weeks, as a result of our collective bargaining agreement with the company, our members are expected to receive an average of $7,377 in profit sharing with variation based on hours ... Read more

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 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.”