{"id":449166,"date":"2021-03-03T03:03:39","date_gmt":"2021-03-03T08:03:39","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=449166"},"modified":"2021-03-03T03:03:39","modified_gmt":"2021-03-03T08:03:39","slug":"stellantis-announces-2020-profit-sharing-payment-for-uaw-represented-employees","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/stellantis-announces-2020-profit-sharing-payment-for-uaw-represented-employees\/","title":{"rendered":"Stellantis Announces 2020 Profit Sharing Payment for UAW-Represented Employees"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n AUBURN HILLS, Mich.<\/span>, March 3, 2021<\/span> \/PRNewswire\/ —\u00a0As a result of FCA’s financial performance in 2020, Stellantis announced today that the eligible profit sharing amount of $8,010<\/span> will be paid to UAW-represented employees on March 15, 2021<\/span>. Actual payments will be based on individual compensated hours. Approximately 43,000 employees are eligible to receive the payment.<\/p>\n

\n

\n
\n \"(PRNewsfoto\/Stellantis)\"
\n <\/a>\n <\/p>\n<\/p><\/div>\n

With this payment, U.S. hourly employees have received on average more than $44,700<\/span> in\u00a0profit sharing since 2009.<\/p>\n

The 2020 profit sharing payment was calculated on the terms negotiated as part of the 2019\u00a0UAW-FCA Collective Bargaining Agreement, based on the year-end Adjusted EBIT margin of\u00a0the North American region reported in the FCA legacy operations financial results.\u00a0<\/p>\n

\n Stellantis<\/b>
\n
Stellantis (NYSE: STLA) is one of the world’s leading automakers and a mobility provider, guided by a clear vision to offer freedom of movement with distinctive, affordable and reliable mobility solutions. In addition to the Group’s rich heritage and broad geographic presence, its greatest strengths lie in its sustainable performance, depth of experience and the wide-ranging talents of employees working around the globe. Stellantis will leverage its broad and iconic brand portfolio, which was founded by visionaries who infused the brands with passion and a competitive spirit that speaks to employees and customers alike. Stellantis aspires to become the greatest, not the biggest, while creating added value for all stakeholders, as well as the communities in which it operates.\u00a0 <\/p>\n

\n Follow company news and video on:<\/b>
\n
Company blog: http:\/\/blog.stellantisnorthamerica.com<\/a>
Media website: http:\/\/media.stellantisnorthamerica.com<\/a>
Company website: www.stellantis.com<\/a>
LinkedIn:\u00a0https:\/\/www.linkedin.com\/company\/Stellantis<\/a>
Facebook: https:\/\/www.facebook.com\/Stellantis<\/a>
Instagram:\u00a0https:\/\/www.instagram.com\/stellantisworldwide<\/a>
Twitter: https:\/\/twitter.com\/stellantis<\/a>
YouTube: https:\/\/www.youtube.com\/channel\/UCKgSLvI1SYKOTpEToycAz7Q<\/a><\/p>\n

\u00a0<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/stellantis-announces-2020-profit-sharing-payment-for-uaw-represented-employees-301239378.html<\/a><\/p>\n

SOURCE Stellantis<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire AUBURN HILLS, Mich., March 3, 2021 \/PRNewswire\/ —\u00a0As a result of FCA’s financial performance in 2020, Stellantis announced today that the eligible profit sharing amount of $8,010 will be paid to UAW-represented employees on March 15, 2021. Actual payments will be based on individual compensated hours. Approximately 43,000 employees are eligible to receive the payment. With this payment, U.S. hourly employees have received on average more than $44,700 in\u00a0profit sharing since 2009. The 2020 profit sharing payment was calculated on the terms negotiated as part of the 2019\u00a0UAW-FCA Collective Bargaining Agreement, based on the year-end Adjusted EBIT margin of\u00a0the North American region reported in the FCA legacy operations financial results.\u00a0 Stellantis Stellantis (NYSE: STLA) is one of the … <\/p>\n

Continue reading “Stellantis Announces 2020 Profit Sharing Payment for UAW-Represented Employees”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-449166","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nStellantis Announces 2020 Profit Sharing Payment for UAW-Represented Employees - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stellantis-announces-2020-profit-sharing-payment-for-uaw-represented-employees\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stellantis Announces 2020 Profit Sharing Payment for UAW-Represented Employees - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire AUBURN HILLS, Mich., March 3, 2021 \/PRNewswire\/ —\u00a0As a result of FCA’s financial performance in 2020, Stellantis announced today that the eligible profit sharing amount of $8,010 will be paid to UAW-represented employees on March 15, 2021. Actual payments will be based on individual compensated hours. Approximately 43,000 employees are eligible to receive the payment. With this payment, U.S. hourly employees have received on average more than $44,700 in\u00a0profit sharing since 2009. 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