Ford and UAW reach tentative agreement to end strike
The United Auto Workers (UAW) union and Ford have reached a tentative agreement to end the union’s strike against the automaker. Last month, workers at Ford, GM, and Stellantis factories walked off the job in targeted work stoppages timed just as the large automakers shift to producing more electric vehicles than ever before.
The strike has roiled the auto industry, costing each company hundreds of millions of dollars each week in lost production and throwing the industry’s shift to electric vehicles on ice. An agreement with Ford puts more pressure on GM and Stellantis to strike a deal with the union.
According to preliminary reports, Ford agreed to a 25 percent increase in wages, plus cost of living increases, that will bump the pay...