UAW and Ford Reach Tentative Deal to End Strikes
TL;DR Summary
Ford Motor and the United Auto Workers (UAW) have reached a tentative labor deal, potentially ending the strike that began on September 14. The agreement includes a wage gain of 25% and restored cost-of-living allowances. Local UAW leaders and Ford's 57,000 union workers still need to approve and ratify the deal. The UAW may use this agreement as a template for negotiations with General Motors and Stellantis. Ford stock rose, while GM and Stellantis stocks experienced fluctuations. The strike has been seen as beneficial for nonunion automakers like Tesla and Toyota.
- UAW Strike: Ford, Union Reached Tentative Labor Deal Investor's Business Daily
- Autoworkers reach a deal with Ford, a breakthrough toward ending strikes against Detroit automakers Yahoo News
- United Auto Workers union and Ford reach tentative labor agreement CNN
- UAW President Shawn Fain: We've reached a tentative deal with Ford after 41 days on strike Detroit Free Press
- Ford, UAW reach tentative deal to end labor strikes CNBC
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