News Column

Chrysler to Pay 2nd Half of Signing Bonus

Nov. 30, 2012

Greg Gardner

united auto workers

About 26,200 UAW members at Chrysler will receive the second half of their $3,500-per-worker bonuses on Dec. 21.

Chrysler paid the first $1,750 to its hour workers represented by the union about a year ago after the company reached a four-year agreement with the UAW.

Chrysler is paying the second installment earlier than previously planned because the automaker last month confirmed that it expects to post a profit of about $1.5 billion for 2012.

The payment was to be paid early in 2013.

"This waiver of the four-quarter requirement is made in recognition of the tremendous contribution you have all made to the performance of our facilities and to the revival of Chrysler," Marchionne, 60, wrote in a letter to employees.

The $1,750 payment is in addition to the minimu $500 quality bonus that Chrysler's UAW employees will by paid Dec. 7. Workers at the Dundee, Mich., engine plant, Toledo assembly and a parts distribution center in Portland, Ore., will receive $625 for achieving certain productivity and quality goals. Workers at a parts center in St. Louis will get $1,000 each.

"We appreciate Sergio's and Chrysler's willingness to recognize the contributions of our members at this time of year," said UAW Vice President General Holiefield in a statement.



Source: (c)2012 the Detroit Free Press Distributed by MCT Information Services


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