The United Auto Workers union halted its strike against Ford, having reached a tentative agreement with the auto maker, one that—if ratified—would include immediate 11-percent pay increases for union members.
Under the tentative deal, UAW employees at Ford are poised to receive more general wage increases in the next four years than they have received in the last 20 years combined, according to UAW-Ford Vice President Chuck Browning.
Under the deal, top UAW wage rates would increase by more than 30 percent to around $40 per hour. Starting wages will increase by 68 percent to $28 per hour, and temporary workers will receive increases of more than 150 percent.
“Between wage increases, COLA, annual bonuses to retirees and other economic gains, there is more value to our members in each individual year of this agreement than the entirety of the 2019 agreement,” Browning said in a video posted to social media Oct. 25. “This deal puts more money on the table than the 2019 agreement four times over.”
The deal must be ratified by the union’s 57,000 members at Ford.