UAW Reaches Tentative Agreement on Record Contract with Ford Motor Company | UAW
UAW Reaches Tentative Agreement on Record Contract with Ford Motor Company | UAW
The UAW has announced a tentative agreement with Ford Motor Company after 41 days on strike at the Big Three. In a video address by UAW President Shawn Fain and UAW Vice President Chuck Browning, the union leaders gave some details of the agreement, while outlining next steps in the ratification pro...
The agreement grants 25% in base wage increases through April 2028, and will cumulatively raise the top wage by over 30% to more than $40 an hour, and raise the starting wage by 68%, to over $28 an hour.
The lowest-paid workers at Ford will see a raise of more than 150% over the life of the agreement, with some workers receiving an immediate 85% increase immediately upon ratification.
The agreement reinstates major benefits lost during the Great Recession, including Cost-of-Living Allowances and a three-year Wage Progression, as well as killing divisive wage tiers in the union. It improves retirement for current retirees, those workers with pensions, and those who have 401(k) plans. It also includes a historic right to strike over plant closures, a first for the union.
Oh shit. Those are some BEAUTIFUL numbers!
Hell yeah!