Ford and UAW Reach Tentative Deal, Ending Strikes and Resuming Work

Ford autoworkers are set to return to work after the United Auto Workers (UAW) union reached a tentative labor deal with the company, marking the first settlement in the strikes that have involved 45,000 workers since mid-September. The agreement, which still needs to be ratified by union members, includes a 25% wage hike over the contract's duration, increased retirement contributions, the elimination of lower-pay tiers for certain workers, and the reduction of time to reach top pay. The UAW is also granted the right to strike over plant closures. The deal is expected to set a pattern for negotiations with General Motors and Stellantis.