Ford and UAW Reach Tentative Deal, Ending 6-Week Strike

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Source: Yahoo Finance
TL;DR Summary

Ford and the United Auto Workers (UAW) have reached a tentative labor deal after a 6-week strike. The agreement includes significant wage increases, with the top wage rising by over 30% to more than $40 an hour and the starting wage increasing by 68% to over $28 an hour. The lowest-paid workers will see a raise of over 150% over the life of the agreement. The deal also reinstates cost-of-living allowances and introduces a new three-year wage progression scale. The agreement is subject to approval by the UAW's Ford national council and ratification by a majority vote of the UAW's 57,000 Ford workers.

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