Uaw Ford Tentative Agreement Details

By October 12, 2021Uncategorized

Ford does not have the means to strike. After lowering its profit forecast for the year last week, S&P Global Ratings was the second degree of credit to downgrade its rating on the automaker in as many months. S&P called Ford`s performance “underperforming” and outlined risks to Chief Executive Officer Jim Hackett`s $11 billion rolling plan, including slow industrial sales and costly emissions standards. DETROIT —— The proposed hourly tentative agreement between Ford Motor Co. and the United Auto Workers has been forwarded to UAW members for ratification, according to a UAW press release. Neither Ford nor UAW would comment on the deal, except in prepared statements. Other elements of the provisional agreement are 4% bonus for two years and 3% salary increases for two years. The willingness to correct mistakes often depends on the relationship they have with each other. Ford-UAW presidents from across the country are expected Friday in Dearborn to vote to submit the tentative agreement to members for ratification. The votes would probably be due on the following Friday, November 8. Experts expected a preliminary contract with Ford to arrive relatively quickly. .

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