Connect with us

Hi, what are you looking for?

BrilliantAchievement.comBrilliantAchievement.com

Tech News

Ford and UAW reach tentative agreement to end strike

United Auto Workers Expand Strike To Ford Truck Plant In Kentucky
Photo by Michael Swensen/Getty Images

The United Auto Workers (UAW) union and Ford have reached a tentative agreement to end the union’s six-week 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…

Continue reading…

Join The Exclusive Subscription Today And Get Premium Articles For Free
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

Editor's Pick

Colin Grabow Danish energy firm Ørsted recently announced that it was scrapping plans for two wind projects off the coast of New Jersey. Known...

Editor's Pick

While the UAW strike continues, and the debate on how much it matters in the scheme of things rages on, other wage trends are...

Editor's Pick

We are so excited that StockCharts.com is now offering you our ACP plugins, we had to write about it for today’s Daily, especially since...

Editor's Pick

Travis Fisher A previous post showed that the total cost of the Inflation Reduction Act’s (IRA’s) energy subsidies could reach $3 trillion. Subsidies so...