Chrysler factory workers to receive $1,750 bonus checks - GoFuckYourself.com

GrantMercury · 12-02-2012, 08:28 PM

Chrysler factory workers to receive $1,750 bonus checks

Quote:

Chrysler Group LLC's 26,000 U.S. factory workers will be receiving $1,750 bonus checks on Dec. 21 ? the second half of their bonus for signing the contract between the company and the United Auto Workers in 2011.

While workers at General Motors Co. and Ford Motor Co. received their full signing bonuses up front, Chrysler workers only received half of their $3,500 last year. The rest was payable when the company, which went bankrupt in 2009, achieved "sustained profitability" for four consecutive quarters.

The $381 million third-quarter profit that Chrysler reported in October represented the third straight quarter of profits for the company. Fourth quarter results are not due out until January. But Chrysler said Friday it is waiving the requirement and paying the bonuses now.

"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," CEO Sergio Marchionne said in a message to workers Friday morning. "You have also demonstrated a great level of commitment and cooperation in building a solid future for our company."

The UAW welcomed the announcement.

"We appreciate Sergio's and Chrysler's willingness to recognize the contributions of our members at this time of the year," said UAW Vice President General Holiefield, head of the union's Chrysler division, adding that the money will help a lot of other people besides Chrysler workers.

"It doesn't just benefit them," he said. "They will spend that money in their communities, providing a well-needed boost to local economies."

From The Detroit News: http://www.detroitnews.com/article/2...#ixzz2DxJ65bOL

Supz · 12-02-2012, 08:34 PM

Dont spend it all in once place.

RyanEagle · 12-02-2012, 09:48 PM

That's a lot of employees to be getting a decent sized check like that. Pretty good on them!

pamon · 12-02-2012, 10:08 PM

Kudos to them on that. Good job.

BIGTYMER · 12-02-2012, 10:50 PM

Good for them!

iwantchixx · 12-02-2012, 11:04 PM

Geez, why couldn't they pour that money back into their customers who got burned on the 2.0 and 2.7 engine failures....

Why did the US bail them out again?

lucas131 · 12-02-2012, 11:06 PM

Quote:

Originally Posted by iwantchixx

Geez, why couldn't they pour that money back into their customers who got burned on the 2.0 and 2.7 engine failures....

Why did the US bail them out again?

congrats on 12k

GAMEFINEST · 12-02-2012, 11:13 PM

That's nice of them

12-02-2012, 10:08 PM	#4
pamon Confirmed User Industry Role: Join Date: Dec 2007 Posts: 3,066	Kudos to them on that. Good job. __________________ Email: [email protected] Skype: davidamodt. / TG: Davidamodt US Adult Content & Porn Writer Project/Sites/Tubes

12-02-2012, 11:13 PM	#8
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,352	That's nice of them __________________ Compound interest.

12-02-2012, 08:34 PM	#2
Supz Arthur Flegenheimer Industry Role: Join Date: Jul 2006 Location: New York City Posts: 11,057	Dont spend it all in once place.

12-02-2012, 09:48 PM	#3
RyanEagle Confirmed User Industry Role: Join Date: Mar 2012 Posts: 183	That's a lot of employees to be getting a decent sized check like that. Pretty good on them!

12-02-2012, 10:50 PM	#5
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066	Good for them!

12-02-2012, 11:04 PM	#6
iwantchixx Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: The Boonies Posts: 12,860	Geez, why couldn't they pour that money back into their customers who got burned on the 2.0 and 2.7 engine failures.... Why did the US bail them out again?