The United Auto Workers (UAW) union announced that it reached a tentative agreement with Ford.
Union workers will receive a 25 percent across-the-board pay increase, down from the initial demand of 41 percent.
Ford also conceded to COLA, the right to strike over plant closures, and the end of wage tiers.
“I want to be clear: we told Ford to pony up, and they did,” UAW President Shawn Fain said. “We won things nobody that was possible.”
The tentative deal will now go to UAW leaders and workers.
In the meantime, the roughly 17,000 striking workers at Ford will head back to work. But striking employees at General Motors and Stellantis will remain at the picket lines.
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In 1974 fresh out of high school I made $9.10 per hour, loading trucks for Gallo Wine in Commerce, CA. That equals $62 per hour in today’s inflated dollars. We now have people believing $20 per hour is a good wage. Record corporate profits, record low wages, ship of fools, working for stock owners, and they cannot afford to buy any stocks.