DETROIT Many U.S. auto workers will receive record profit-sharingpayments for 1998, thanks to a strong market and intense cost cuttingby major automakers.
"It's going to be a great year for profit-sharing," predictedThomas Stallkamp, president of DaimlerChrysler AG's Chrysler unit,where U.S. sales rose 9 percent last year to a record 2.5 millionvehicles. Chrysler's profit-sharing checks averaged $4,600 lastyear.
DaimlerChrysler's Mercedes-Benz unit paid a record $4,500 in "teamshare payments" to workers at its Alabama plant in December. That'son top of $2,000 each Mercedes employee received in other one-timepayouts last year for "special efforts" to increase output …
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