The United Auto Workers union reached a tentative labor deal with Ford, the first of Detroit's Big Three car manufacturers to negotiate a settlement to strikes joined by 45,000 workers.

The proposed accord, which UAW’s leadership must still approve, provides a 25% wage hike over the 4-1/2-year contract, starting with an initial increase of 11%.

The Ford deal, which could help create a template for settlements of parallel UAW strikes against General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI), would amount to total pay hikes of more than 33% when compounding and cost-of-living mechanisms are factored in, the UAW said.

  • @[email protected]
    33•1 year ago

    Sounds about right. I know of a current strike where workers are asking nearly 25%.

    This hike in living expenses needs wages to catch up since no one seems willing to roll back to normal on “supply chain” hikes during COVID.

    • ares35
      4•1 year ago

      ‘roll back’" fk that, they’re still going up… and up… and up.