Posted 10/26/2023, 6:08:00 PM
Ford Reaches Tentative Deal with UAW, Includes Wage Hikes and Retirement Boosts
- Ford reaches tentative labor agreement with UAW, the first of Detroit's Big 3 automakers
- Deal includes 25% wage hike over 4.5 years, retirement boost, faster progression to top pay
- UAW told Ford workers to return amid ratification; could restart production this week
- Deal is a win for labor amid strikes in various industries; UAW initially sought bigger raises
- UAW now turning to negotiate with GM and Stellantis using Ford deal as pattern
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