The Sunday event is to update members working at Ford Motor about the tentative agreement.
United Auto Workers President Shawn Fain and Vice President and Director of Ford Department Chuck Browning spoke on Sunday, addressing members about the details of a recently negotiated contract with Ford Motor
The deal, if ratified, will run through April 2028 and includes base wage increases of about 25% over the contract’s life, plus cost of living adjustments, and shorter progressions to higher wage tiers. The top wage rate for assembly line workers by 2028 will be about $42 an hour, up from about $32 an hour. The top rate for skilled trades will be north of almost $51 an hour, up from about $37 an hour.
It seems likely that the members will ratify the new deal. Browning called on Ford workers to return to work while the ratification process was ongoing, a sign that leadership thinks the deal is attractive enough to members. Ford says the process of restarting plants is underway. Almost 17,000 UAW employees at Ford are on strike, with several thousand more laid off because of production disruptions.
After the Ford agreement, Wall Street expected Stellantis and GM agreements to follow shortly after. That’s what has happened in the past. “With Ford getting a deal done, we expect the other dominoes to fall with GM and Stellantis this week,” said Wedbush analyst Dan Ives shortly after the Ford deal was announced.
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