Ford's UAW Deal: Investments, Bonuses, and Controversy
The United Auto Workers (UAW) union has approved a tentative agreement with Ford Motor, which includes $8.1 billion in new plant investments, $5,000 ratification bonuses, 25% compounded wage increases, and improved profit-sharing payments. The agreement will now be presented to UAW-Ford members for voting. The deal also includes benefits such as job security, easier organizing rights at battery and electric vehicle plants, and enhanced retirement benefits. While the agreement falls short of some initial goals, the UAW plans to use it to support organizing efforts beyond the "Big Three" automakers.