Hghlights:
- The UAW and Ford have reached a tentative agreement that would end the strike at Ford, which has been going on since Sept. 15.
- The deal includes a proposal for wage increases of at least 25% over the term of the deal and improved benefits for union members.
- The deal still needs to be ratified by a majority of Ford’s 57,000 UAW members.
- The sources did not comment on any negotiations between the UAW and Stellantis and General Motors.
In a major development, the United Auto Workers (UAW) union and Ford Motor Company have reportedly reached a tentative agreement to end the ongoing strike that has disrupted Ford’s production. Multiple sources close to the negotiations have confirmed the breakthrough.
The strike, which began on September 15, has had a significant impact on Ford’s operations and supply chain, affecting not only the company’s bottom line but also the livelihoods of thousands of workers.
Details of the tentative deal remain confidential at this time, as the UAW and Ford have not yet released an official statement. However, insider information suggests that the agreement includes wage increases, improved benefits, and a commitment to job security for Ford’s employees. Both parties are expected to provide further information in the coming days.
This strike has been closely monitored by the automotive industry, as it’s the latest in a series of labor disputes that have disrupted production at major automakers. It has also raised concerns about the availability of Ford vehicles, with dealerships experiencing reduced inventories.
The global automotive industry, already grappling with supply chain disruptions and chip shortages, has been keenly interested in a resolution to this strike, as it would help alleviate some of the challenges the sector is currently facing.
