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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 was highly critical of the plant’s closure and now says Stellantis is using the plant’s future as a “bargaining chip.” United Auto Workers members strike at the Ford Michigan ...
UAW President Shawn Fain — who ran for the top job on a “no corruption, no concessions, no tiers” slogan — has similarly said that the auto industry’s version of the practice creates a ...
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 ...
The UAW countered with its own op-ed for the paper, written by UAW VP Mike Booth, arguing that it's fighting for all UAW workers, not just the 85% making a high base pay. The UAW's focus is ...
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]
Consulting firm Anderson Economic Group estimates that a strike at all Big Three automakers by the UAW could result in a $5.6 billion hit to US GDP after only 10 days, and UAW lost wages could ...