Business

United Auto Workers union approves new labor deal with Ford

Gary Jones, president UAW International, (left) and Bill Ford, executive chairman, Ford Motor, shake hands on July 15, 2019 at Ford World Headquarters to begin negotiations for a new contract.

Ford

DETROIT – Members of the United Auto Workers have approved a new four-year deal with Ford Motor, the union announced Friday.

The deal requires Ford to invest more than $6 billion in its U.S. manufacturing operations and create or retain 8,500 U.S. jobs, while also allowing the automaker to close an engine plant in Michigan.

The company also agreed to pay $9,000 ratification bonuses for full-time workers and $3,500 ratification bonuses for temporary employees.

Ford’s agreement mirrored a previously ratified deal between the union and General Motors that included 3% raises or 4% lump-sum bonuses each year of the contract, keeping out-of-pocket health-care costs at roughly 3% and a path for temporary workers to become full-time employees.

The union will now turn its attention to Fiat Chrysler, the last of the Detroit automakers the union needs to negotiate with for 2019.

The UAW’s discussions with Fiat Chrysler are expected to be more contentious than those with Ford amid a federal probe into union corruption that started with the Italian-American automaker. There’s also uncertainty about the company’s future amid a planned merger with French automaker PSA Group.

Products You May Like

Articles You May Like

Op-ed: Salesforce appoints ValueAct’s Morfit to its board and a proxy fight may loom ahead
The Covid pandemic drives Pfizer’s 2022 revenue to a record $100 billion
Cryptocurrency Was Sold To State And Local Pensions As ESG
Florida County Map Shows Where The Income Gap Is Biggest
Biden-⁠Harris Administration Announces New Actions To Protect Renters And Promote Rental Affordability

Leave a Reply

Your email address will not be published. Required fields are marked *