Stellantis announces that UAW members could receive profit-sharing checks of $3,780, marking a significant decrease from the amount given in 2024.
 |
| Stellantis announcement. |
Stellantis Announces UAW Profit-Sharing Checks of $3,780, Significantly Lower Than 2024 Payout
|
Stellantis has revealed that UAW members are set to receive profit-sharing checks of $3,780 in 2025, a sharp decline compared to the previous year's payout. This significant drop has raised concerns among workers and union leaders. Find out more about Stellantis' 2025 profit-sharing plans and how they compare to 2024 payouts. |
UAW members at Stellantis are expected to receive profit-sharing checks of $3,780 this year, a nearly 73% decrease from last year's payout of $13,860, which the union's president described as a "slap in the face."
This announcement came early Wednesday, following Stellantis' report of a $5.8 billion net profit in 2024, despite a $133 million net loss in the second half of the year. The company is currently in search of a new CEO after Carlos Tavares resigned late last year. In 2024, Stellantis faced several challenges, including declining sales and high inventories.
The company's profit-sharing payout is significantly lower compared to its Detroit Three competitors, with Ford offering $10,208 and General Motors $14,500, according to previous Free Press reports.
Stellantis, the parent company of Jeep, Ram, Chrysler, Dodge, and Fiat, estimates that around 38,800 workers are eligible for profit-sharing. The exact amount each worker will receive depends on individual compensated hours, meaning some could receive more or less than the estimated $3,780. The checks are set to be distributed on March 7.
The eligible amount is determined by Stellantis' financial performance in North America and the terms of its 2023 contract with the UAW.
UAW President Shawn Fain held Tavares responsible for the disappointing results, a criticism he had voiced multiple times before Tavares' departure. The union had been in conflict with Stellantis for several months over issues like product commitments and job cuts, but the narrative shifted following Tavares' resignation.
In a statement, Fain criticized Stellantis' profit-sharing announcement, calling it "one last slap in the face to hardworking American autoworkers at Stellantis from disgraced former CEO Carlos Tavares." He highlighted that while Ford and GM workers received profit-sharing checks over $10,000, Tavares earned millions in compensation and severance despite his failed leadership. "Stellantis autoworkers are getting a fraction of what they deserve because of Carlos’ mismanagement," Fain said. He expressed hope for a new direction under the company's incoming leadership and stated that the union looks forward to returning to the bargaining table in 2028 to revisit enhanced profit-sharing proposals, emphasizing that if top executives and wealthy shareholders are receiving record payouts, so should the autoworkers who make the company thrive.