Transcription of CONTRACT SUMMARY: HOURLY WORKERS - UAW
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1 HIGHLIGHTSJob Security and Investment - New plant, 7,900 new jobs; $9 billion total investment Product commitments obtained $ billion in new productinvestments $ billion in previously an-nounced investments, includinga new Detroit plantSigning Bonus $9,000 signing bonus for quali-fied seniority employees $3,500 signing bonus for tempsHealth Care - Health Insurance parity for all in-progression em-ployees Health care protected from costshifting In-progression employees (64%of all FCA employees) will havethe same health care benefitsas traditional seniority full-timeemployees, including dental andvision Prescription drug coverage forSupplemental EmployeesSkilled Trades - Two $1,000 tool allowancesWages - All full-time employees at top rate in four years All current seniority productionemployees at top-wage parity bythe end of the contractProfit Sharing - Cap removed; increase to employees Formula increased from $800per 1% of profit margin to $900per 1% of profit marginSupplemental Employees - Path to full-time; Path to full-time top-wage for all employees Supplemental Employees willbe promoted to full-time statushired by corporate service inlabor market prior to hir
CONTRACT SUMMARY: HOURLY WORKERS. DECEMBER 2019. FCA. Dear Brothers and Sisters: FCA has had a remarkable four-year run. Because of your hard work and dedication, sales are high, quality is up, and FCA’s UAW-made products are among the most coveted on the market. As a . result, over the last four years, FCA has added nearly 6,500 workers,
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