Ford and the United Auto Workers (UAW) labor union have reached a tentative agreement six weeks after the union called for walkouts at each of the Big Three Detroit automakers (GM, Ford, and Stellantis). The new agreement includes a 25-percent wage increase over the next four years, as well as several other major wins for UAW members. The union continues to strike at GM and Stellantis as negotiations continue with both automakers.
UAW President Shawn Fain addresses union members in a speech last month
“We won things nobody thought possible,” said UAW President Shawn Fain. “Since the strike began, Ford put 50 percent more on the table than when we walked out. This agreement sets us on a new path to make things right at Ford, at the Big Three, and across the auto industry.”
“Between wage increases, COLA [Cost of Living Allowance], annual bonuses to retirees, and other economic gains, there is more value for our members in each individual year of this agreement than the entirety of the 2019 agreement,” said UAW Vice President Chuck Browning. “This deal puts more money on the table than the 2019 agreement four times over.”
In addition to a 25-percent increase in base wages, the new tentative agreement also includes a cumulative raise to the top wage by more than 30 percent to over $40 per hour, a 68-percent starting wage increase to more than $28 per hour, deletion of the wage tiers, the right to strike over plant closures, and more.
With the tentative agreement with Ford now reached, the UAW National Ford Council will vote on whether to send the agreement to membership, after which the agreement will be publicly reviewed, regional meetings will be held to walk through the agreement with local leaders, and finally, a ratification vote will be held among the membership.
“We are focused on restarting Kentucky Truck Plant, Michigan Assembly Plant and Chicago Assembly Plant, calling 20,000 Ford employees back to work and shipping our full lineup to our customers again,” Ford said following announcement of the new tentative agreement.
Meanwhile, the UAW continues its strike at various GM and Stellantis facilities. GM estimates that the strike has cost the company $800 million so far.
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Comments
$28/hr starting for unskilled labor plus the rest of the package (benefits, pension, PTO) it’s more like $50/hr. That is pretty crazy.
oh, and I was just thinking about going to college …. I’m going to go screw nuts at Ford lmao
Go to college. By the time you graduate, the Ford plant you wanted to work in won’t be there.
Not only will cars get more expensive, the parts needed to repair those vehicles will get more expensive as well. That will lead to an increase in everyone’s car insurance as cars get more expensive to fix or replace. But, the UAW members will still be laughing all the way to the bank…until robots replace them.
Expect the GM and Stellantis deals to be very similar. All 3 had best move production out of the US, FAST. Because prices will have to rise to the point that folks will just go with non-domestic brands, for less.
Next people will complain that nothing is made in the USA anymore.
Some of the most unintelligent comments I’ve seen in posts . You think moving plants out of us will cause prices to flatline or decrease , lol , laughable at best . Thinking replacement parts will only escalate because of this contract , lol, too funny . Did anybody here actually go to university and get a degree in economics , lol, or did people just major in armchair quarterback 101 , just saying . Yeah because the economy won’t tank worse than it is now , or maybe China will cal in its debt that’s owed to them .
What did you just say other than hogwash?
Thomas…..it’s called facts and reality, subjects they no longer teach in the Marxist institutions of lower learning where the only thing you do learn to is hate the country and expect the actual working taxpayer (UAW members) to pay your outrageous student loan bills.
I need a serious answer… Why are you guys so against workers getting paid? They literally are the backbone of the economy. You guys have more vitriol for your every day man than you do these CEOs with overinflated salaries.
It’s nothing but jealousy.
The key word here is “tentative” agreement with Ford. I believe it’s just a ploy to get the other two to fall in line, before the vote is finalized with Ford. Nothing is etched in stone yet.
The idea that this will raise car prices is correct. Except it won’t be as noticeable as you might think. Prices of vehicles have skyrocketed over the past five years. This is due to corporate greed plain and simple.
However, just because a corporation makes more money does NOT mean that they have to raise employee salaries. Fain is just poking the bear as much as possible, until he finally runs away or gets bit.
I’m all for the better pay and benefits for the working man and woman. But I really hope this get reflected on the final quality the product they represent. Lately has been nothing but recalls.
About time the CEOs come to the table.
They are worse than a car dealer.
If you think a worker making a living wage is going to raise the price of a car, why are you paying 45,000 and up for a car made in Mexico where the wage is $3.50 per hour?
For the person who stated he wasn’t going to go to college, he would go to ford and screw nuts, you probably wouldn’t be worth a damn doing that either. Some people are complete fools when they think factory work is easy. For you people that think it is greed to want a raise, look at the 3 CEO’s, they all make mid 25 million a year. That’s greed
Ford says they’ll have to increase prices $850-$900 to cover the cost of the contract. Let’s address the real elephant in the room. How about the $26,000 increase on the Lincoln Navigator since the end of COVID restrictions!! How much has the F150, Explorer, Expedition, Mustang and various other Lincoln models increased?? Ford has been absolutely gouging their customers since then to pay for this debacle called “ EV Transition.” They didn’t mind inflating prices for customer then, but now it’s a big deal. You gotta be kidding me. Ford needs an enema and the hose should be stuck right in the middle of corporate headquarters!
They cant gouge unless people step up to be gouged
The big 3 should eliminate the employee discounts They should pay what everyone else pays for a new car There are getting enough pay and benefits The mew car buyers will be footing the cost for increase in car prices