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Chrysler to pay bonuses a month early

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Chrysler Group Chairman and CEO Sergio Marchionne (R-L), Illinois Gov. Pat Quinn, United Auto Workers Region 4 Director Ron McInroy and Belvidere Mayor Frederic C. Brereton sit on stage during an event at Chrysler's Belvidere Assembly Plant on February 2, 2012 in Belvidere, Illinois. Chrysler announced Thursday that it would add 1800 jobs and a third crew to the Belvidere plant, 500 of which will be added specifically to produce the all-new Dodge Dart. UPI/Brian Kersey
Chrysler Group Chairman and CEO Sergio Marchionne (R-L), Illinois Gov. Pat Quinn, United Auto Workers Region 4 Director Ron McInroy and Belvidere Mayor Frederic C. Brereton sit on stage during an event at Chrysler's Belvidere Assembly Plant on February 2, 2012 in Belvidere, Illinois. Chrysler announced Thursday that it would add 1800 jobs and a third crew to the Belvidere plant, 500 of which will be added specifically to produce the all-new Dodge Dart. UPI/Brian Kersey 
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Published: Feb. 7, 2012 at 4:05 PM

AUBURN HILLS, Mich., Feb. 7 (UPI) -- Chrysler Group Chief Executive Officer Sergio Marchionne said bonus checks would arrive early this year following the first company profit in 15 years.

Chrysler earned a net profit of $183 million in 2011; it also reported an operating profit of almost $2 billion, the first since 2005, The Detroit News reported Tuesday.

"It took an incredible team effort to bring about such remarkable results, and you should be proud," Marchionne said Monday in a message to union workers.

The average bonus check for hourly workers will come to $1,500, less taxes and union dues, the newspaper said.

The checks are normally sent in March. This year, the checks should arrive by Feb. 10, a Friday.

"I ask that you continue to demonstrate the strength and courage you have shown to challenge our destiny and revitalize this great company. The future holds enormous opportunity, and it's a challenge that calls for our continued, shared commitment," Marchionne said in the e-mail.

Topics: Sergio Marchionne
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