The strike has lasted 40 days so far. The UAW National Negotiation team has reached an agreement with Ford. It still has to be voted on by union members, a process which could take up to a week.
The new contract includes: 25% general wage increase, return of Cost of Living Adjustment (COLA), 150% wage increase for temporary workers, end of wage tier system at Sterling Axle and Rawsonville, bonuses to retirement plans (401k and pension), and the right to strike over plant closures.
I love to see unions aggressively succeeding at eliminating tiered wages.
I think it was just at 2 plants? The rest just got an 80% raise? My guess is that they’ll push for the complete elimination of tiers next cycle.