The United Auto Workers union says it has reached a tentative contract agreement with Ford that could be a breakthrough to end the nearly 6-week-old strikes against Detroit automakers.
UAW reaches health care trust fund deal with FordKIMBERLY S. JOHNSON
United Auto Workers President Shawn Fain declared "a major victory" this week when union members reached a tentative agreement with Ford Motor that lifts most employees' pay past $40 an hour. The tentative deal is indeed a huge win for autoworkers, organized labor experts told CBS MoneyWatch...
Ford shares climbed 1.9%, Stellantis added 0.7% and General Motors fell 0.4%. The announcement comes days after Ford reached a tentative deal with the Canadian union Unifor, averting a strike that would have shuttered three factories. But Ford shares still dipped 0.2% for the week and ...
The fight between Ford and the UAW is over, for now, as the automaker seeks to move on from the strike and resume production
Multiple federal, state and local leaders have issued statements following news of the UAW's agreement with Ford. Gov. Gretchen Whitmer: "I want to congratulate the UAW and Ford for reaching an historic deal that benefits our world-class autoworkers and helps this world-class automaker succeed....
More:United Auto Workers Begin Strike At Ford, GM And Stellantis Plants Today, President Biden joined the picket line with UAW members in Wayne County, Michigan – marking the first time a sitting President has visited a picket line in modern times. ...
UAW auto strike ends: Inside union’s deal with FordRead full article: UAW auto strike ends: Inside union’s deal with Ford Leaders of the United Auto Workers union on Sunday shared more details from its tentative contract agreement with Ford Motor Company, which has been used to establish ...
Fordand theUAWnow indicate that striking Ford workers at various facilities will return to work while they consider the terms of this tentative agreement. The deal reportedly calls for upwards of a 25 percent base wage increase over the length of a new four year contract withFord. Additional pr...
(one of them is Stellantis, whose biggest shareholder part-ownsThe Economist’s parent company). This is a lot, particularly given that the labour market is softer than a year ago. Pay and benefits at the big three in Detroit currently range from $112,000 a year at Ford to $134,000 ...