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United Auto Workers union approves new labor deal with Ford

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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 – Members of the United Auto Workers have approved a new four-year deal with Ford Motor, the union announced Friday night.

The contract was supported by 56.3% of Ford members who voted, according to the UAW.

The deal requires Ford to invest more than $6 billion in its U.S. manufacturing operations and create or retain 8,500 U.S. jobs, while also allowing the automaker to close an engine plant in Michigan.

The company also agreed to pay $9,000 ratification bonuses for full-time workers and…



Source cnbc.com

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