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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%.
Fain said on Friday that Ford had upped its proposed wage hike to 23% through early 2028. Combined with proposed cost-of-living-adjustments, workers could receive pay increases of close to 30% ...
The UAW is asking for wage hikes of nearly 40%, COLA (cost of living adjustments) built into a future contract, end of wage “tiers,” and a defined benefit pension plan, among other things.
The UAW is pushing automakers to eliminate the two-tier wage system under which new hires can earn far less than veterans. Long walkouts at factories producing large pickup trucks could cost the ...
UAW workers hired after 2007, for example, are granted 401(k)s instead of defined pensions. In 2021, workers at health care giant Kaiser Permanente and the cereal maker Kellogg authorized strikes ...
WAYNE, Michigan (Reuters) -Striking auto workers converged on a Ford assembly plant on the outskirts of Detroit on Friday morning to show their support for the most ambitious labor action in ...
A used Mack truck on a lot in Evans City, Pa., Jan. 9, 2020. Union workers at Mack Trucks have voted down a tentative five-year contract agreement reached with the company.
The employer wishes to reduce overall wage costs by hiring new employees at a wage less than the wage of incumbent workers. [1] [2] A much less common system is the two-tier benefit system, which extends certain benefits to new employees only if they receive a promotion or are hired into the incumbent wage structure. [3] [4] [5]