Profit sharing checks were worth thousands of dollars to union autoworkers in past years, but the profits to share are dwindling here in North America. In an unfortunate but expected announcement, GM and Ford have both said that they didn't meet the necessary profit goals to offer their employees profit sharing checks this year, the first time in four years that the automakers have been unable to cough up. After news of pending layoffs, huge losses and plant closings, the blow is particularly powerful.

Chrysler workers, on the other hand, should receive around $1,500 on average thanks to strong profits and increased sales.

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X