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Ford reaches tentative labor contract with UAW, avoids union strike

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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 — Ford Motor and the United Auto Workers reached a tentative deal on a new labor contract Wednesday night without a strike.

The four-year deal includes $6 billion in new investments from Ford and the creation or retention of 8,500 U.S. jobs, according to the union.

Other details of the proposed contract were not disclosed. However, the pact is expected to share many of the same terms as the union’s recent contract with General Motors. That deal included 3% raises or 4% lump-sum bonuses…



Source cnbc.com

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