Ford and UAW Reach Tentative Labor Deal, Ending Strike

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Source: The New York Times
Ford and UAW Reach Tentative Labor Deal, Ending Strike
Photo: The New York Times
TL;DR Summary

Negotiators for the United Automobile Workers (U.A.W.) and Ford Motor have reached an agreement on terms for a new four-year labor contract, including a roughly 25 percent pay increase over four years. The deal is subject to approval by the U.A.W. council and ratification by Ford's union workers. The U.A.W. continues to negotiate with General Motors and Stellantis. The tentative deal with Ford could increase pressure on the other companies to reach an agreement. The companies are investing in the transition to battery-powered vehicles, making it harder for them to pay substantially higher wages. The U.A.W. began a wave of walkouts against the three Detroit automakers in mid-September, demanding higher wages, an end to a system that pays new hires less, cost-of-living adjustments, and improved benefits.

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