The United Automobile Workers (UAW) union and Ford have reached a tentative agreement that could bring an end to the strike at the Big Three automaker.
The strike began on September 16th, and has affected more than 50,000 workers across the U.S. since then. Negotiations between UAW and Ford were at an impasse for months, with the union pushing for better wages, improved job security, and better working conditions. After months of stalemate, a tentative agreement has been reached that could put the strike to rest.
The agreement includes concessions on both sides. Ford has agreed to a pay raise of 3% as well as improved retirement benefits and other measures that will increase the cost of labor. The UAW have in turn agreed to concessions, including a reduction in overtime pay and a longer wait before new hires become eligible for bonuses.
The agreement must still be approved by the union’s membership, but it is expected to pass. If approved, it could bring an end to the strike at Ford, and provide a much needed boost to the U.S. auto industry.
The tentative agreement reached between UAW and Ford is a victory for both sides, and could prove to be a model for future labor disputes in the auto industry. It also shows the potential for better labor conditions and improved wages for the workers in Big Three manufacturing. Both sides can be proud of the work they put into reaching an agreement, and hopefully this can be the start of a better future for the workers and the industry as a whole.