Posts tagged Chicago Assembly Plant
UAW and Ford reach tentative deal to end strike
October 26, 2023 // The Ford deal includes the biggest contract wins the UAW has secured in years, including a 25 percent hike in base wages through April 2028, the union said. The agreement provides cost-of-living adjustments to wages that will help raise the top hourly wage by over 30 percent to more than $40 by the end of the contract, union officials said. The starting hourly wage will grow to more than $28. The deal also shortens the time it takes new workers to reach the top wage, and eliminates wage tiers that left newer workers on a lower pay scale, the UAW said. It also boosts Ford’s contribution to retirement accounts.