By Peter Hoskins Business reporter
Ford and the United Auto Workers (UAW) union have reached a tentative deal to end a six-week strike.
The agreement would be the first settlement of strikes by 45,000 workers against Ford, General Motors (GM) and Chrysler-parent Stellantis.
The deal still needs to be approved by union leaders and members.
Mr Fain added that the agreement included a 25% wage increase over the life of the contract, while lowest-paid temporary workers would see pay rises of more than 150% over the period.
The union also won the right to strike Ford over future plant closures, he said.
I don’t know what their goals were, or what else this deal includes, but I honestly hope that’s not “it”.
25% raise over 4.5 years is about 5.6% annually. That’s still less than inflation most years recently. Hope they also got other improvements to benefits or working conditions.
The article also says right to strike over plant closures. They could strike anyway, but that’ll mean Ford can’t fire them for it. Job security. Also according to the guardian, that 25% is after cost of living adjustments, so it’ll be an actual 25% and not chasing inflation.
Overall, I’d say that’s decent, but obviously it’s the auto workers who get to decide that.
Yeah, if they are happy, then I’m happy for them.
Union strong.
With cars selling for huge amounts and Ford being the first to settle, would it put pressure on the other two? Like, they see the money that Ford is making any they are not?
What’s the word on the 4-day workweek though?
I didn’t see anything mentioned about it.
This is the best summary I could come up with:
Ford and the United Auto Workers (UAW) union have reached a tentative deal to end a six-week strike.
The agreement would be the first settlement of strikes by 45,000 workers against Ford, General Motors (GM) and Chrysler-parent Stellantis.
If the new four-and-a-half year contract gets approval from Ford workers, it would set the standard for talks at GM and Stellantis.
Mr Fain added that the agreement included a 25% wage increase over the life of the contract, while lowest-paid temporary workers would see pay rises of more than 150% over the period.
“[It] provides a record raise to auto workers who have sacrificed so much to ensure our iconic Big Three companies can still lead the world in quality and innovation,” Mr Biden said.
Other demands included an end to practices that give newer workers lower pay and fewer benefits.
The original article contains 404 words, the summary contains 140 words. Saved 65%. I’m a bot and I’m open source!