The 4 ½-year tentative agreement will now be rolled out to 57,000 UAW-Ford members for regional informational meetings and then voting, the union said Sunday
Local United Auto Workers union leaders approved a tentative agreement Sunday with Ford that includes $8.1 billion in new investment by the company and $5,000 ratification bonuses.The tentative deal was reached following the union launching targeted strikes against Ford, General Motors and Stellantis following the sides not reaching deals ahead of a Sept. 14 deadline.Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.
UAW leaders outlined some details of the tentative agreement last week but released the summary and more than 800-page contract Sunday after local union leaders approved it for member voting.with Stellantis, however, it has yet to reach a new agreement with GM, despite the sides being close to a deal last week.
UAW President Shawn Fain, center, talks to reporters as union members strike outside a Ford plant in Wayne, Michigan, Sept. 15, 2023.The 25% raises includes an 11% increase upon ratification, followed by 3% increases the next three years and then a 5% increase in October 2027. The raises and benefits such as expectations of $8,800 for cost-of-living adjustments cumulatively raise the top wage to more than $40 an hour, including an increase of 68% for starting wages to over $28 an hour.
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General Motors and Stellantis reach deal with UAW following Ford agreementRachel Schilke is a breaking news reporter at the Washington Examiner. Originally from Frankfort, Illinois, she graduated from the University of Iowa in May 2022 and served as a managing editor at the Daily Iowan with a focus on crime and courts and local government. Follow her on X: rachel_schilke.
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