Stellantis profit sharing: Here’s how much UAW members will get for 2024

By Luke Ramseth, Tribune Information Service

Staff of Stellantis NV represented by the United Auto Staff can anticipate that revenue checks of $ 3,780 will see, though some could also be extra and fewer primarily based on the hours labored, the Automaker stated Wednesday.

There are round 38,800 workers who’re eligible for the checks. The payout is a lower of 73% in comparison with $ 13,860 from final 12 months, when round 38,000 workers have been eligible.

The revenue announcement announcement is a part of the annual monetary outcomes of the automotive maker launched on Wednesday and is predicated on a 4.2% tailored operational revenue margin in North America final 12 months. That revenue margin falls from 15.4% final 12 months within the midst of main challenges within the area, together with a significant lower within the sale of autos.

In response to Stellantis this 12 months, this 12 months’s funds might be paid on 7 March.

The revenue sharing was calculated on the premise of the employment contract of Stellantis 2023 with the UAW. Staff within the commerce unions characterize $ 900 per 1% of the revenue margin in North America, primarily based on what number of hours an worker labored final 12 months. Which means the ultimate quantity can fluctuate, relying on the worker.

Tweaks of revenue sharing that negotiated within the 2023 contract between Stellantis and the UAW contains that workers who left the corporate after 31 December, however earlier than the revenue checks are reduce, are nonetheless eligible to get the cost.

The commerce union additionally negotiated a “efficiency of efficiency” points for added workers primarily based on the revenue sharing method, though far fewer further workers are employed by Stellantis than when the contract was eradicated.

Common Motors Co. introduced in January that the revenue expenditure for sharing information as much as $ 14,500 to 48,000 eligible workers. Ford Motor Co. Within the meantime, the bonuses of round $ 10,208 would pay to its 57,000 eligible workers, slightly below the quantity for 2023.

Initially revealed: February 26, 2025 at 4.52 pm Est