"Canadian Autoworkers Approve Tentative Deal with Ford, Securing Wage Increases and Pension Changes"

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Source: CNN
"Canadian Autoworkers Approve Tentative Deal with Ford, Securing Wage Increases and Pension Changes"
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TL;DR Summary

Members of Canada's autoworkers union, Unifor, are voting on a tentative three-year agreement reached with Ford Motor Co. The deal includes improved pensions, income security, and a transition to electric vehicles. It offers a 10% wage increase in the first year, followed by 2% and 3% increases in the next two years. The agreement also eliminates the health care deductible and provides pension improvements. If passed, the deal will affect nearly 5,700 union members and could pave the way for new contracts with Stellantis and General Motors.

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