Correction: An earlier version of this story incorrectly reported that workers were walking out of plants in protest of not getting profit-sharing checks.
United Auto Workers members with Stellantis will not get a profit-sharing check in 2026, the company said on Thursday.
The announcement comes shortly after Stellantis, which makes Chrysler, Dodge, Jeep and Ram vehicles, posted its 2025 financial results, showing a net loss of $26.4 billion dollars, "in charges primarily related to a profound strategic shift to meet customer preferences, and reflect shifts in regulatory frameworks."
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In a statement to 7 News Detroit, a Stellantis spokesperson said that the North America results did not meet the minimum thresholds defined in the collective bargaining agreement with the UAW.
"As the North America results did not meet the minimum thresholds defined in the 2023 UAW collective bargaining agreement, there will be no profit sharing paid to UAW-represented employees for 2025," the statement reads.
UAW members and Stellantis employees who agreed to speak to 7 News Detroit anonymously in fear of retaliation said they are devastated by the news.
See how much Ford & GM workers will get in profit-sharing checks in the video below
"It's just a bad day," one worker said. "To give us nothing is an absolute slap in the face."
Stellantis’ profit sharing with UAW members is based on a 2023 labor agreement. A few years ago profits were so high, that members received around $14,000 dollars in profit shares.
Auto analyst with Autoline John McElroy says while the net loss is disheartening, it’s not surprising, citing the company’s overestimation of the pace of EV’s in the market.
“No, there’s no shock whatsoever. It was just a couple of weeks ago that Antonio Filosa, the CEO of Stellantis, announced they were taking something like a $22 billion write-off for other EV investments, so we knew right off the bat that the earnings were going to look bad," he said.
The automaker said that it expects 2026 and its expanding product wave to bring profitable growth in North America, including the Jeep Cherokee and Dodge Charger SIXPACK, as well as the addition of the Ram 1500 HEMI and Express.
Shawn Fain, the president of the United Auto Workers, shared his reaction to the news on Thursday:
“It’s a damn shame that autoworkers continue to pay the price for horrible mismanagement at Stellantis. We sounded the alarm on disgraced CEO Carlos Tavares and have been pushing the company to stop throwing money away to Wall Street and instead invest in the plants, products, and people that make this company run," said UAW President Shawn Fain in a statement. "This is the same old story in America that happens all too often where the profits are being shared, but not with the people who build the product. We will continue to push as a union for better management at Stellantis so autoworkers can get back to earning their fair share.”
