OAN’s James Myers
8:22am – Thursday, October 26, 2023
The United Auto Workers (UAW) and Ford have reached a tentative agreement to end the strike.
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The agreement was confirmed by both parties on Wednesday and signaled the end of a nearly six-week strike with the Big Three automakers.
“Record profits mean record contracts. A tentative agreement has been reached at Ford,” the UAW wrote in a post on X (formerly Twitter).
Additionally, Ford released a statement saying the company is “pleased to have reached a tentative agreement with the UAW on a new labor agreement covering our U.S. operations.”
“Ford is proud to assemble more vehicles and employ the most hourly autoworkers in America. We are focused on restarting Ford assembly plants, bringing 20,000 Ford employees back to work, and getting the entire lineup back to customers.This agreement is subject to ratification by Ford employees representing the UAW. “Consistent with the ratification process, the UAW will share details with members,” Ford’s statement concluded.
However, the agreement must be approved by a majority of Ford’s 57,000 UAW members.
Sources said Ford and the union intensified negotiations on Tuesday and Wednesday to finalize a deal.
The union, which represents about 150,000 workers, demanded a 40% pay increase over four years of the new contract and 40 hours of pay for a 32-hour work week.
This came after other workers at other auto plants went on strike and about 45,000 UAW members walked off the job site.
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