It emphasized that 2,500 jobs will be created, beyond ones announced last January. The Mexican plant will be "repurposed to produce future commercial vehicles" for sale global markets. In addition, FCA said it will give special bonus payments of $2,000 to approximately 60,000 f its hourly and salaried employees. Some of that money was earmarked for Warren, where FCA said it plans to start making the Jeep Wagoneer and Grand Wagoneer by 2020. Other companies, including AT&T, Comcast and Bank of America have announced $1000 bonuses because of the tax cut, according to a list compiled by USA Today.
The Italian-American automaker will pay each US hourly and salaried employee a $2,000 bonus in the second quarter of 2018.
Fiat/Chrysler says the tax plan will also mean the return of manufacturing jobs to the US from Mexico. At that time, officials noted that the Warren investment would make it easier to move Ram production to MI in the future if necessary but said no such decision had been made.
Fiat/Chrysler joins a list of almost 200 US companies which have announced bonuses or pay increases to employees after the passage of the tax bill.
"It is only proper that our employees share in the savings generated by tax reform and that we openly acknowledge the resulting improvement in the USA business environment by investing in our industrial footprint accordingly", CEO Sergio Marchionne said in a press release. More than 300 new jobs were added to support production. At that time, FCA said it would spend $1 billion across two plants: Warren and Toledo where retooling is needed to make a new Jeep Wrangler pickup. "It is only proper that our employees share in the savings generated by tax reform and that we openly acknowledge the resulting improvement in the USA business environment by investing in our industrial footprint accordingly".