Negotiators for the United Auto Workers and Ford Motor Co. have agreed on terms of a new four-year labor contract, people close to the negotiations said Wednesday.
Negotiators for the United Auto Workers and Ford Motor Co. have agreed on terms of a new four-year labor contract, people close to the negotiations said Wednesday, nearly six weeks after the union began a growing wave of walkouts against the three Detroit automakers. The deal includes a roughly 25% pay increase over four years, those people said.
, said the union’s demands risked damaging the ability of Detroit automakers to compete against nonunion companies like Tesla and foreign rivals. “Toyota, Honda, Tesla and the others are loving the strike, because they know the longer it goes on, the better it is for them,” he said. “They will win, and all of us will lose.” The UAW makes a different case: that success in its contract battle with the Big Three will give it momentum to organize autoworkers at other companies as well.
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