UAW and Ford Reach Tentative Labor Agreement, Ending Strikes

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Source: CBS News
UAW and Ford Reach Tentative Labor Agreement, Ending Strikes
Photo: CBS News
TL;DR Summary

The United Auto Workers (UAW) has reached a tentative contract agreement with Ford, potentially ending the union's six-week-old strikes against Detroit's Big Three automakers. The deal, which still needs to be approved by Ford's approximately 57,000 UAW workers, includes an 11% pay increase in the first year, improved retirement benefits, and the right to strike over plant closures. The UAW could use this agreement as a model for similar settlements with GM and Stellantis.

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