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A second-tier wage of $14.50 an hour, which applies only to newly hired workers, is lower than the average wage in non-union auto companies in the Deep South. [ 47 ] One of the benefits negotiated by the United Auto Workers was the former jobs bank program, under which laid-off members once received 95 percent of their take-home pay and benefits.
Ford contract: Wages, benefits improve. The Ford-UAW agreement includes: Cumulatively raising the top wage by more than 30% to more than $40 an hour, raising the starting wage by 68%, to more than ...
DETROIT (Reuters) -United Auto Workers leaders approved a tentative deal Sunday with Ford that includes a pay hike of at least 30% for full-time workers and could more than double pay for others ...
On October 25, a tentative agreement was reached between the UAW and Ford; it includes an 11% wage increase in the first year, and total 25% increase in wages over the 4.5 year contract, a $5,000 ratification bonus and a cost-of-living adjustment. When including cost-of-living adjustments, total pay could be raised by 30%.
The benefits include another $1,000 annual payment to 401(k) plans to offset retirement health care costs for hires since 2009 and pension benefit increases along with maintaining the current ...
In 1947, Ford had offered its workers a choice between a contributory pension plan and wage increases. While the UAW took wage increases at the time, Reuther suspected that Ford might be most amenable to a pension plan. [11] New management and an aging workforce at Ford also suggested that the UAW would have the best chances of success with ...
In an online speech, UAW President Shawn Fain said the new contract includes wage increases of more than 25% o United Auto Workers reaches deal with Daimler Truck, averting potential strike in ...
For new workers, the hourly wage was lower at $14 an hour; senior workers made more money. The major cost difference between UAW members and employees in foreign-nameplate factories in the U.S. comes in fringe benefits. The UAW has been one of the more successful American unions in fighting for generous pensions and health benefits for its ...