Chrysler Workers Expect Profit-Sharing Checks For First Time In 7 Years
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DETROIT (WWJ) – Chrysler workers are getting profit-sharing checks averaging $1,500 by the end of the week, after the automaker posted its first-ever profit under new ownership.
Talking to WWJ Newsradio 950 Wednesday morning, workers outside the Warren Stamping plant said they’re pleased to be getting a little something extra.
“Well, it’s picking up … a lot of overtime. It’s getting better,” said one man.
Said another worker, “They really didn’t have to give us anything, according to the guidelines and rules, but it’s all good!”
Worker Bud LaCrosse pointed out that not everyone will get the full amount.
“If you didn’t get in 1,800 in hours, you get less. And there’s a three-step system, I believe,” said LaCrosse. “And by the time you get it, it’ll be 650 bucks, because of taxes, everything else, blah, blah, blah. But its good to see.”
Last year, workers received a one-time only performance bonus as Chrysler did not post a profit in 2010. This is the first real profit-sharing check for Chrysler’s blue collar workers in seven years.
Salaried workers will get a similar profit sharing check based on performance.