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Chrysler Rolling Out Bonuses

Chrysler Group hourly and salaried workers will receive profit-sharing and performance bonuses on Feb. 10, just nine days after the automaker reported a $183 million profit for 2011.

February 8, 2012
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Chrysler Group hourly and salaried workers will receive profit-sharing and performance bonuses on Feb. 10, just nine days after the automaker reported a $183 million profit for 2011.

The company’s 23,000 hourly workers will receive an average of $1,500 each, while salaried bonuses will vary. The payment to hourly workers is based on a formula negotiated last fall with the United Auto Workers and is double the amount paid to employees last year.

On Feb. 1, the automaker said it posted net profit of $225 million in the fourth quarter and $183 million for the year on total annual revenue of $55 billion, up 31 percent from 2010.

Larry P. Vellequette writes for Automotive News, a sister publication of Workforce Management. To comment, email editors@workforce.com.

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