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BREAKING: The UAW has reached a new contract agreement with Ford - WSJ
Ford has agreed to give factory workers a 25% wage increase over the life of the agreement, including a 11% bump in the first year. The wage increase would bump the top pay for assembly line workers from around $32 an hour to roughly $40 an hour.
The UAW has also reduced the time it takes for new hires to reach the maximum wage, reducing it to three years from eight previously.
Ford has agreed to give factory workers a 25% wage increase over the life of the agreement, including a 11% bump in the first year. The wage increase would bump the top pay for assembly line workers from around $32 an hour to roughly $40 an hour.
The UAW has also reduced the time it takes for new hires to reach the maximum wage, reducing it to three years from eight previously.
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