Chrysler Media Website Tue, Dec 5, 2023 05:16:55 EST Chrysler
Contact: Jodi  Tinson



UAW Profit Sharing History

 
Plan Year* Avg. BU** Payment  Percentage Factor  
       
1986 $500 Flat $500  
1987 $500 Flat $500  
1988 $720 2.30%  
1989 $0 0.00%  
1990 $0 0.00%  
1991 $0 0.00%  
1992 $429 1.10%  
1993 $4,300 10.50%  
1994 $8,000 17.90%  
1995 $3,200 7.00%  
1996 $7,900 17.30%  
1997 $4,600 10.20%  
1998 $7,400 14.90%  
1999 $8,100 15.90%  
2000 $375 0.70%  
2001 $0 0.00%  
2002 $460 0.80%  
2003 $0 0.00%  
2004 $1,500 2.50%  
2005 $650 1.10%  
2006 $0 0.00%  
2007 $0 0.00%  
2008 $0 0.00%  
2009 $0 0.00%  
2010 $0 0.00%  
2011 $1,500    
2012 $2,250    
2013 $2,500    
2014 $2,750    
2015 $4,000    
2016 $5,000    
2017 $5,500    
2018 $6,000    
2019 $7,280      
2020 $8,010    
2021 $14,670    
2022 $14,760      
  1986-2022                    36 years 2009-2022                12 years  
Total Payments $122,854 $74,220  
*Amounts for each plan year are paid in the first quarter of the following year.
**Payment amounts represent both hourly and salaried bargaining unit employees.

Notes:
1) In 1985 negotations, Chrysler and the UAW agreed to $500 payments for the 1986 and 1987 plan years and to negotiate a profit sharing agreement for the 1988 plan year.
2) In 2010, there was no profit sharing payment; however, Chrysler paid a $750 discretionary bonus to its employees.
3) In 2011, Chrysler and the UAW agreed to pay profit sharing based on all North American profits, which was 85% of worldwide profits.
4) In 2015, FCA US and the UAW agreed to pay profit sharing based on the adjusted EBIT margin performance of the North American region reported in the FCA N.V. financial results and on individual compensated hours.
5) With the 2019 payment, the Company began reporting the eligible profit sharing amount employees could receive.

 

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