Profit sharing $6,000 in February
Wonderkid

Ripon, WI

#21 Oct 30, 2012
Quack quack lil buckaroo
Gottime

Battle Creek, MI

#23 Oct 30, 2012
RETIRED wrote:
<quoted text>the retirees pension fund will like the donation
Ok. So you are saying Sergio Marchionne, who is the CEO of 3 companies, will focus energy on getting rid of seniority? Sure he will. The financial situation in Europe and Chryslers return from bankruptcy and the poor economy here and the slew of new product launches that will be happening the next few years and he will try to change seniority? You do realize how unimportant that is in the grand scheme of things? It won't even be on the table.
info

Springfield, IL

#24 Oct 30, 2012
TO ALL YOU FCKEN IDIOTS ABOUT LAST YEAR... NORTH AMERICAN PROFILTS BEFORE TAXES WERE 1.5 BILLION... HENCE WE GOT 1500 PROFIT SHARING... IF U GUYS CANT DO THE MATH AND ARE PUTTING CARS TOGETHER god fcken help us!!!!!!!!!
Crayon color

Belvidere, IL

#25 Oct 30, 2012
6000$ this profit sharing check!!! WOWWWWWEEEEEEEEEEEEE
Hakeem

United States

#26 Oct 30, 2012
I gots to get atlease 5 g's, i's be behind on my child suport, and gotta start puttin cheese in layaways for my first baby momma kids crimas presantz
hopeful

Southgate, MI

#27 Oct 30, 2012
heartless has it right,,, based on modified operating profit,,,bonus should be 3000-3500
Crayon color

Woodstock, IL

#28 Oct 30, 2012
Noway! 4000-6000 youll see!!!!!!!!!!
Anonymous

United States

#29 Oct 30, 2012
Keep voting yes to contracts that give bonuses instead of raises people. Get a clue figure out what a 2 dollar an hour raise equals through the whole year! A little more than 1500 dollars that we MIGHT get. Profit sharing is the biggest scam ever perpetrated on workers. The company would rather spend the money ie building plants in china etc than give huge profit sharing checks. I was here in 1994 when everyone got huge checks, and what I saw was a company that was caught by surprise because the formula payed such large checks. The company said that is never going to happen again even if we are profitable. Just look at the profit sharing formula we just got from the contract, it's a lot lower than it used to be but they say its less complicated, bullshit. Vite for hourly pay raised let them have the profit!!!!
fred

AOL

#30 Oct 30, 2012
bye then c shift will have ended!!!!
info

Springfield, IL

#31 Oct 31, 2012
hopeful wrote:
heartless has it right,,, based on modified operating profit,,,bonus should be 3000-3500
HOPEFUL he is dead wrong its not modified operating profits.. ITs North American Operating profits before taxes that is based for profit sharing....... READ YOUR CONTRACT!!!!!!!!!!
Cut and Past

Trenton, MI

#33 Oct 31, 2012
Straight from the contract...SO READ THE DAMN thing!

Currently, Chryslerís only publicly reported profit figure is worldwide profit. 85 percent of Chryslerís profits
come from North America, so our new profit sharing formula simply takes the publicly reported profit figure and
multiplies it by 85 percent..
For example, if Chrysler reports worldwide profits of $3 billion, the North American profit figure for profit
sharing would be $2.55 billion ($3 billion x 85 percent). In this case, the maximum payout would be $2,500. The
profit sharing formula is based on hours worked, paid on a maximum of 1,850 compensated hours.
New Performance Quality and Ratification Bonus
CHRYSLER HOURLY WORKERS 5
Maximum
Payout
Maximum
Payout
- < 1.25 0 6.50 < 6.75 6,500
1.25 < 1.50 1,250 6.75 < 7.00 6,750
1.50 < 1.75 1,500 7.00 < 7.25 7,000
1.75 < 2.00 1,750 7.25 < 7.50 7,250
2.00 < 2.25 2,000 7.50 < 7.75 7,500
2.25 < 2.50 2,250 7.75 < 8.00 7,750
2.50 < 2.75 2,500 8.00 < 8.25 8,000
2.75 < 3.00 2,750 8.25 < 8.50 8,250
3.00 < 3.25 3,000 8.50 < 8.75 8,500
3.25 < 3.50 3,250 8.75 < 9.00 8,750
3.50 < 3.75 3,500 9.00 < 9.25 9,000
3.75 < 4.00 3,750 9.25 < 9.50 9,250
4.00 < 4.25 4,000 9.50 < 9.75 9,500
4.25 < 4.50 4,250 9.75 < 10.00 9,750
4.50 < 4.75 4,500 10.00 < 10.25 10,000
4.75 < 5.00 4,750 10.25 < 10.50 10,250
5.00 < 5.25 5,000 10.50 < 10.75 10,500
5.25 < 5.50 5,250 10.75 < 11.00 10,750
5.50 < 5.75 5,500 11.00 < 11.25 11,000
5.75 < 6.00 5,750 11.25 < 11.50 11,250
6.00 < 6.25 6,000 11.50 < 11.75 11,500
6.25 < 6.50 6,250 11.75 < 12.00 11,750
>=12.0 12,000
Profits
$Billions
Profits
$Billions
The following simplified payout table provides for increasing profit-sharing payouts as Chryslerís
profits derived from North America increase:.
Members who have more than 1,850 compensated hours will receive the maximum payout. Members who have less
than 1,850 hours will receive a prorated payout based on the proportion of their compensated hours to 1,850.
This agreement also shows a strong on-going commitment to protect the healthcare benefits of our retirees. The
UAW and Chrysler are in the process of addressing the companyís accounting, tax, legal and other concerns. Once these
concerns are addressed, 10 percent of profit sharing will be diverted to the UAW Retiree Medical Benefits Trust.
info

Springfield, IL

#34 Oct 31, 2012
God i love it when the facts i said are shown in black n white....
sssssssssssp

Saint Clair Shores, MI

#36 Oct 31, 2012
People. Look at the contract, then read the release on the current earnings.
http://www.uaw.org/UAW-Chrysler-Hourly-Worker...

Modified Operating Profit 2012 YTD is $2.201B, North American accounts for 85% of that, so you multiply 2.201 x .85 =$1.870B, which according to the contract should grant us a $1750 profit sharing. Hopes are that the MOP grows to $3B by years end!

Read people.
Yankee

Rockford, IL

#37 Oct 31, 2012
I heard we get paychecks every Friday. Is this true? I need 5500 in this paycheck Friday. Someone said it will be less.
Gottime

United States

#39 Nov 1, 2012
RETIRED wrote:
Ford makes 12.4% return on profit, G.M makes 7.4% return on profit, Chrysler only makes 4.2% return on profits. Thats not good for Chrysler, i see more trouble coming.
Ok. So you are saying Sergio Marchionne, who is the CEO of 3 companies, will focus energy on getting rid of seniority? Sure he will. The financial situation in Europe and Chryslers return from bankruptcy and the poor economy here and the slew of new product launches that will be happening the next few years and he will try to change seniority? You do realize how unimportant that is in the grand scheme of things? It won't even be on the table.
Yankee

Rockford, IL

#41 Nov 1, 2012
Lol. Got time is a meth head. He's stuck on repeat mode.
Gottime

Battle Creek, MI

#42 Nov 1, 2012
RETIRED wrote:
<quoted text>simply put meathead = chrysler doesn't make a high profit on it's car/trucks = any slow down that comes next year and guess what = bankrupcy
Ok. So you are saying Sergio Marchionne, who is the CEO of 3 companies, will focus energy on getting rid of seniority? Sure he will. The financial situation in Europe and Chryslers return from bankruptcy and the poor economy here and the slew of new product launches that will be happening the next few years and he will try to change seniority? You do realize how unimportant that is in the grand scheme of things? It won't even be on the table.
Belmike

Beloit, WI

#43 Nov 8, 2012
cut and past, you must be looking at the the profit formula for GM. The profit sharing you describe is not the formula that Chrysler uses. Not even close. Chrysler won't crack 2 billion this year. The hourly employees would be extremely lucky to see a pay out of around $1,700.00. But there is no law against dreaming. Rock on my friend.

Since: Jul 11

Southfield, MI

#44 Nov 8, 2012
Belmike wrote:
cut and past, you must be looking at the the profit formula for GM. The profit sharing you describe is not the formula that Chrysler uses. Not even close. Chrysler won't crack 2 billion this year. The hourly employees would be extremely lucky to see a pay out of around $1,700.00. But there is no law against dreaming. Rock on my friend.
Too bad they already have. Straight from their October press release for the period ended September 30, 2012...

"Modified Operating Profit for the first nine months of the year was $2.2 billion, a 50 percent increase from the same period last year."

http://www.chryslergroupllc.com/Investor/Pres...
Gottime

Battle Creek, MI

#48 Nov 9, 2012
RETIRED wrote:
<quoted text>if gas prices you are doooooooooomed = bankrupcy = for sure no = pension for you
Ok. So you are saying Sergio Marchionne, who is the CEO of 3 companies, will focus energy on getting rid of seniority? Sure he will. The financial situation in Europe and Chryslers return from bankruptcy and the poor economy here and the slew of new product launches that will be happening the next few years and he will try to change seniority? You do realize how unimportant that is in the grand scheme of things? It won't even be on the table.

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