Thirteen hundred top-level executives at Chrysler Group, which lost $1.5 billion last year, received bonuses last week based on the overall performance of DaimlerChrysler AG in 2006.
In addition, DaimlerChrysler AG's management board approved pay-for-performance increases late last month for all Chrysler salaried workers that will go into effect in July, the Free Press has learned.
The July increase will be the first merit pay increase for the company's more than 21,000 salaried workers since 2005. UAW members received a general wage increase last year through their labor contract and have not seen increases in the cost of their health insurance, which salaried workers have experienced.
While the bonuses for the 1,300 executives are mostly tied to Chrysler performance, about 30% is tied to DaimlerChrysler's overall performance.
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