The United Auto Workers has been left furious after Stellantis allegedly handed out bonuses to management employees while workers have been denied a bonus paycheck, despite the company posting a $26.3billion net loss last year.
The loss appears to have trickled down from the company’s management to its workers. However, it seems as though the workers are bearing the brunt of the losses.
Despite the financial storm, non-unionized salaried Stellantis employees are eligible for a performance bonus, according to a report from the Detroit Free Press.
Although there will not be any company-wide bonuses tied to the previous year’s performance, some divisional and individual bonuses are set to be paid at the end of March.
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A statement from Stellantis confirmed that bonuses will be tied to “specific financial and non-financial annual targets as well as results from the divisions to which they are aligned and personal goals.” In addition, bonuses “remain directly conditional on the results achieved.”
UAW Extremely Upset With Stellantis
Profit-sharing with unionized workers is dependent on adjusted operating income. This hasn’t gone down well with the workers. UAW vice president Rich Boyer said:
“The UAW, as well as I personally, am disgusted that we were just informed that management employees will be receiving a bonus check while Stellantis UAW members did not receive a profit-sharing check,” as quoted by the Detroit Free Press.
“Our members help drive this company’s success each and every year, and they deserve to share in its success.”
UAW president Shaun Fain said that workers weren’t responsible for the “bad decisions” that led to the losses last year, but the management gets rewarded while the workers don’t receive any form of bonus. He said:
“It wasn’t the workers who made bad decisions that drove Stellantis profits in the ditch, [rather] horrible management from the CEO down. But, as always, the executives get rewarded while the workers get screwed.”
Boyer blamed Stellantis’ former CEO, Carlos Tavares, for the company’s poor performance last year, and stated that his “plan was to gut the UAW.” He added:
“Tavares felt that he gave up too much in national negotiations and was coming back for his pound of flesh.”
