UAW and Ford Reach Tentative Deal, Ending Record-Breaking Strike

Ford and the United Auto Workers (UAW) union have reached a tentative deal to end the nearly six-week strike, which includes a record pay rise. The agreement, if approved by union leaders and members, would set the standard for talks at General Motors (GM) and Stellantis. The deal includes a 25% wage increase over the life of the contract and pay rises of over 150% for lowest-paid temporary workers. The union also secured the right to strike Ford over future plant closures. The estimated total economic losses from the strike have reached $9.3bn.