Auto Workers Union And Ford Reach Deal To End Strike

CNBC reports:

The United Auto Workers union and Ford Motor have reached a tentative agreement that will end a nearly six-week strike at the automaker, the union announced Wednesday night.

The tentative agreement, which was first reported earlier by CNBC, includes 25% pay increases over the terms of the agreement and will cumulatively raise the top wage to more than $40 an hour, including an increase of 68% for starting wages to over $28 an hour.

It also includes reinstatement of cost-of-living adjustments, a three-year path to top wages and right to strike over plant closures. among other significantly enhanced benefits.

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Record profits mean record contracts. We have a tentative agreement at Ford. #StandUpUAW pic.twitter.com/Z00T5CfQJN

— UAW (@UAW) October 26, 2023

UAW and Ford agree in principle to the terms of a tentative agreement, which might signal the beginning of the end of the strike against Detroit’s Big Three automakers, sources with knowledge of the discussions tell CNBC. https://t.co/4lKGWIfhXA

— Breaking News (@BreakingNews) October 25, 2023