Ford reaches tentative labor contract with UAW, avoids union strike
The deal includes $6 billion in new investments from Ford and the creation or retention of 8,500 U.S. jobs, according to the United Auto Workers.However, the pact is expected to share many of the same terms as the union's recent contract with General Motors.
Gary Jones, president UAW International, and Bill Ford, executive chairman, Ford Motor, shake hands on July 15, 2019 at Ford World Headquarters to begin negotiations for a new contract.and the United Auto Workers have reached a tentative deal on a new labor contract without a strike. The four-year deal includes $6 billion in new investments from Ford and the creation or retention of 8,500 U.S. jobs, according to the union.
Other details of the proposed contract were not disclosed. However, the pact is expected to share many of the same terms as the union's recent contract with . That deal included 3% raises or 4% lump-sum bonuses each year of the contract, retention of roughly 3% out-of-pocket health-care costs and a path for temporary workers to become full-time employees.
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